$ICNT breaks above the 0.2 level. Two possible scenarios next:
① It pulls back to 0.2 and holds → the level turns into support, with the 24h high of 0.2739 as the first upside target.
② It falls back below 0.2 and can’t reclaim it → this looks more like a false breakout, so don’t get caught holding on.
I personally put more weight on how it performs on the first pullback.
① It pulls back to 0.2 and holds → the level turns into support, with the 24h high of 0.2739 as the first upside target.
② It falls back below 0.2 and can’t reclaim it → this looks more like a false breakout, so don’t get caught holding on.
I personally put more weight on how it performs on the first pullback.