$ICNT just gave back a huge chunk of its parabolic spike — and the momentum breakdown is hard to ignore. 📉
After running from $0.146 to $0.224 in hours, price has sharply reversed with a cluster of red candles and the oscillator rolling straight into negative territory. This looks like exhaustion, not a pause.
🔴Setup (SHORT)-
📌Entry → $0.1840
🎯TP1 → $0.1600 (+13.0%)
🎯TP2 → $0.1300 (+29.3%)
✅Final Target → $0.1000 (+45.7%)
⛔SL → $0.2150 (-16.8%)
🙆Plan: TP1 hits, stop loss moves to entry immediately. Zero risk left on the rest from there.
💪Why this setup: Price broke clean below the EMA cluster after the spike, and momentum flipped negative for the first time this entire move — the white line, blue line, and orange line are all rolling over together, a strong confirmation signal, not noise. Order book now leans 55% sell-side, flipping from buyer control to seller control. The parabolic run from $0.146 was never going to hold without a real pullback, and this looks like it's starting.
$ICNT #icntusdt #trading
After running from $0.146 to $0.224 in hours, price has sharply reversed with a cluster of red candles and the oscillator rolling straight into negative territory. This looks like exhaustion, not a pause.
🔴Setup (SHORT)-
📌Entry → $0.1840
🎯TP1 → $0.1600 (+13.0%)
🎯TP2 → $0.1300 (+29.3%)
✅Final Target → $0.1000 (+45.7%)
⛔SL → $0.2150 (-16.8%)
🙆Plan: TP1 hits, stop loss moves to entry immediately. Zero risk left on the rest from there.
💪Why this setup: Price broke clean below the EMA cluster after the spike, and momentum flipped negative for the first time this entire move — the white line, blue line, and orange line are all rolling over together, a strong confirmation signal, not noise. Order book now leans 55% sell-side, flipping from buyer control to seller control. The parabolic run from $0.146 was never going to hold without a real pullback, and this looks like it's starting.
$ICNT #icntusdt #trading