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$ICNT Trade Setup — 4H
📈 Direction: SHORT
✅ Entry Zone: 0.1080–0.1120
🛑 Stop Loss: 0.1215
🎯 TP1: 0.1035
🎯 TP2: 0.1000
🎯 TP3: Below 0.1000 if breakdown continues
⚖️ Risk-to-Reward: ~1:2
💡 Why ICNT May Go Down:
The overall trend is clearly bearish after the sharp rejection from the recent spike near 0.20.
Price is printing lower highs and lower lows, showing sellers still control the market structure.
The 0.1200 area now looks like the nearest resistance after multiple failed recovery attempts.
A large volume spike appeared during the selloff, suggesting strong distribution was visible on the chart.
RSI is not visible, so its condition cannot be confirmed from this screenshot.
A rejection around the entry zone favors another leg lower, while a strong close back above the stop-loss level would invalidate the setup.
🗣️ Are you taking this ICNT setup or waiting for a cleaner retest?
👉 Trade: ICNT
$BANK $IDOL ⚠️ Not financial advice. Always manage your risk.
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