$ICNT | Strong rejection at 0.3964 after a +25% rise ⚠️
📊 Price: 0.3577
🔸 Touched 0.3964 near the 0.4004 resistance and sharply reversed: a 5-minute candle fell from 0.3890 to 0.3550
🔸 Long upper wicks on the 15-minute, 4-hour, and daily charts mean the high was rejected
🔸 Hourly volume was 3.4 times the average, indicating real selling
🔸 Daily RSI is 82 (overbought), while the broader trend is still bullish
🔸 Funding is negative and liquidity is low, so moves are sharp and fast
🎯 Levels:
🔴 Resistances: 0.3630, then 0.3793, then 0.3964, then 0.4004, then 0.4166
🟢 Supports: 0.3536, then 0.3483, then 0.3309, then 0.3193, then 0.3058
⚖️ Trades:
🟢 Long: Bounce from 0.3480–0.3540 | Stop 0.3420 | Targets 0.3793, then 0.3964
🟢 Breakout long: Hourly close above 0.4166 | Stop 0.3950 | Targets 0.4685, then 0.4975
🔴 Short: Rejection from 0.3790–0.3870 | Stop 0.4030 | Targets 0.3536, then 0.3309
🔴 Breakdown short: Hourly close below 0.3483 | Stop 0.3640 | Targets 0.3193, then 0.3058
💡 The key levels are 0.3483 below and 0.3630 above. Don't enter at the current price without confirmation, and reduce position size.
⚠️ Not financial advice | DYOR
#ICNT؟ #icntusdt #Binance
📊 Price: 0.3577
🔸 Touched 0.3964 near the 0.4004 resistance and sharply reversed: a 5-minute candle fell from 0.3890 to 0.3550
🔸 Long upper wicks on the 15-minute, 4-hour, and daily charts mean the high was rejected
🔸 Hourly volume was 3.4 times the average, indicating real selling
🔸 Daily RSI is 82 (overbought), while the broader trend is still bullish
🔸 Funding is negative and liquidity is low, so moves are sharp and fast
🎯 Levels:
🔴 Resistances: 0.3630, then 0.3793, then 0.3964, then 0.4004, then 0.4166
🟢 Supports: 0.3536, then 0.3483, then 0.3309, then 0.3193, then 0.3058
⚖️ Trades:
🟢 Long: Bounce from 0.3480–0.3540 | Stop 0.3420 | Targets 0.3793, then 0.3964
🟢 Breakout long: Hourly close above 0.4166 | Stop 0.3950 | Targets 0.4685, then 0.4975
🔴 Short: Rejection from 0.3790–0.3870 | Stop 0.4030 | Targets 0.3536, then 0.3309
🔴 Breakdown short: Hourly close below 0.3483 | Stop 0.3640 | Targets 0.3193, then 0.3058
💡 The key levels are 0.3483 below and 0.3630 above. Don't enter at the current price without confirmation, and reduce position size.
⚠️ Not financial advice | DYOR
#ICNT؟ #icntusdt #Binance