$ICNT breaks above its 90-day high of 0.3239, with 24-hour trading volume rising to 2.9 times the daily average.
There are usually stop-loss orders from short sellers and sell orders from earlier trapped buyers above a swing high. Such heavy volume suggests those orders have been absorbed. If buying continues after that, the price should have an easier time moving up; if buyers suddenly disappear, watch out for a pullback after the spike.
#ICNT
Just chatting—win or lose, you have to bear the consequences yourself.
There are usually stop-loss orders from short sellers and sell orders from earlier trapped buyers above a swing high. Such heavy volume suggests those orders have been absorbed. If buying continues after that, the price should have an easier time moving up; if buyers suddenly disappear, watch out for a pullback after the spike.
#ICNT
Just chatting—win or lose, you have to bear the consequences yourself.
