$ICNT Short setup: the new high got rejected, the inducement below is the target
Short 📉
📍 Entry zone 0.1524
🛑 Stop 0.1649
🎯 Take profit 0.1274
After a 61% run in 4 days, ICNT stopped making clean progress. Retrace of 44%, then price went back up for the old high. The inducement at 0.1274 is still untouched. That break of 0.1519 was small (2.3%), a quick poke and a sell-off from 0.1554. Looks like a failed breakout to me. The inducement at 0.1274 is the target and the stop is 8.20% away at 0.1649.
Not financial advice.
📊 Overview
Market cap: 38.8M USD (+32.8% in 24h)
24h volume: 20.1M USD
Circulating supply: 253.01M of 700.00M (36%)
Top 10 holders hold 98.9% of the supply (burn / dead wallets excluded)
#ICNT #Altcoins #CryptoTrading
Short 📉
📍 Entry zone 0.1524
🛑 Stop 0.1649
🎯 Take profit 0.1274
After a 61% run in 4 days, ICNT stopped making clean progress. Retrace of 44%, then price went back up for the old high. The inducement at 0.1274 is still untouched. That break of 0.1519 was small (2.3%), a quick poke and a sell-off from 0.1554. Looks like a failed breakout to me. The inducement at 0.1274 is the target and the stop is 8.20% away at 0.1649.
Not financial advice.
📊 Overview
Market cap: 38.8M USD (+32.8% in 24h)
24h volume: 20.1M USD
Circulating supply: 253.01M of 700.00M (36%)
Top 10 holders hold 98.9% of the supply (burn / dead wallets excluded)
#ICNT #Altcoins #CryptoTrading