$ICNT hits a new 7-day high: current price 0.2717, previous high 0.27.
After the breakout, two things are key:
· Can the previous high of 0.27 turn from resistance into support (hold on a retest)?
· Was the breakout supported by volume? A breakout on low volume can easily turn into a bull trap.
What do you think will happen next?
#ICNT
After the breakout, two things are key:
· Can the previous high of 0.27 turn from resistance into support (hold on a retest)?
· Was the breakout supported by volume? A breakout on low volume can easily turn into a bull trap.
What do you think will happen next?
#ICNT
