$ICNT fell below the 0.155 level. There are two possible scenarios next:
① It rebounds to 0.155 but fails to reclaim it → the level turns into resistance, with the 24h low of 0.1522 as the first downside target.
② It quickly gets back above 0.155 → this looks more like a false breakdown, and shorts could easily get caught in a reversal.
I personally pay more attention to how the first rebound plays out.
① It rebounds to 0.155 but fails to reclaim it → the level turns into resistance, with the 24h low of 0.1522 as the first downside target.
② It quickly gets back above 0.155 → this looks more like a false breakdown, and shorts could easily get caught in a reversal.
I personally pay more attention to how the first rebound plays out.