$ICNT has lost the 0.16 level. Two scenarios from here:
① The rebound fails to reclaim 0.16 → the level becomes resistance, with the 24h low of 0.1572 as the next level to watch
② It quickly gets back above 0.16 → this was probably just a wick, and shorts could get squeezed instead
I personally care more about how the first rebound plays out.
① The rebound fails to reclaim 0.16 → the level becomes resistance, with the 24h low of 0.1572 as the next level to watch
② It quickly gets back above 0.16 → this was probably just a wick, and shorts could get squeezed instead
I personally care more about how the first rebound plays out.