$ICNT Short: price poked above the old high and rolled over, target 0.2177
🔴 Short - sell 0.2383, stop 0.2486, take profit 0.2177 (1:2)
ICNT ran 46% off the low in about 25 hours and is on the gainers list with 42% on the day. The pullback inside it was about 26% of the leg and left 0.2177 as the inducement low. That break of 0.2366 was small (0.8%), a quick poke and a sell-off from 0.2386. Looks like a failed breakout to me. Entry 0.2383 is simply where price stands now. Stop 0.2486, target 0.2177, reward about 2R.
DYOR.
#ICNT #TradeSetup #CryptoSignals
🔴 Short - sell 0.2383, stop 0.2486, take profit 0.2177 (1:2)
ICNT ran 46% off the low in about 25 hours and is on the gainers list with 42% on the day. The pullback inside it was about 26% of the leg and left 0.2177 as the inducement low. That break of 0.2366 was small (0.8%), a quick poke and a sell-off from 0.2386. Looks like a failed breakout to me. Entry 0.2383 is simply where price stands now. Stop 0.2486, target 0.2177, reward about 2R.
DYOR.
#ICNT #TradeSetup #CryptoSignals
