From a position perspective:
$ICNT 5 minutes: plunged 3.51%, current price 0.3463, 24h trading volume: $111 million.
What does the money flow look like?
· The decline was concentrated in just 5 minutes, suggesting heavy selling was highly concentrated
· It’s still up +21.98% over 24h, which points to short-term investors taking profits
· Next, watch for large buy orders at lower levels. If they don’t absorb the selling, it could drop again
If you think this makes sense, give it a like. If you disagree, leave a comment and share why.
#ICNT
$ICNT 5 minutes: plunged 3.51%, current price 0.3463, 24h trading volume: $111 million.
What does the money flow look like?
· The decline was concentrated in just 5 minutes, suggesting heavy selling was highly concentrated
· It’s still up +21.98% over 24h, which points to short-term investors taking profits
· Next, watch for large buy orders at lower levels. If they don’t absorb the selling, it could drop again
If you think this makes sense, give it a like. If you disagree, leave a comment and share why.
#ICNT
