$ICNT has moved above the 24-hour high: current price 0.2359, previous high 0.2349.
After the breakout, two things are key:
Can the previous high of 0.2349 turn from resistance into support (hold on a retest)?
Was there a surge in volume during the breakout? A breakout on low volume can easily turn into a bull trap.
Bullish or bearish?
#ICNT
You’re responsible for your own risk. I’m just sharing my thoughts.
After the breakout, two things are key:
Can the previous high of 0.2349 turn from resistance into support (hold on a retest)?
Was there a surge in volume during the breakout? A breakout on low volume can easily turn into a bull trap.
Bullish or bearish?
#ICNT
You’re responsible for your own risk. I’m just sharing my thoughts.
