$ICNT is up 41% and showing rejection at the highs. Here's why 👇
Pumps like this 68% leg in 3 days always bring in late buyers right where risk is highest.
It pushed above 0.295 for a moment, got sold hard from 0.3147 and ICNT is now right at that old high again. Looks like a breakout that didn't hold, and anyone who bought up there is probably getting nervous.
The spot I care about is 0.277. That's where the last dip bottomed $ICNT (it retraced 17% of the move) and nobody's been back since. I'd expect price to go and check it. If it closes above 0.3147 though, I'm wrong.
📌 My ICNT trade: short from 0.3013, stop at 0.3135, target 0.277 (+8.1%, 1:2)
📊 24h Vol: $52.7M | 24h Chg: +40.8% | Funding: -0.0049%
Would you take this trade or sit it out? 👇
Follow for daily chart breakdowns 🔔
My opinion only. Not financial advice, do your own research.
#ICNT #Analysis #Trading
Pumps like this 68% leg in 3 days always bring in late buyers right where risk is highest.
It pushed above 0.295 for a moment, got sold hard from 0.3147 and ICNT is now right at that old high again. Looks like a breakout that didn't hold, and anyone who bought up there is probably getting nervous.
The spot I care about is 0.277. That's where the last dip bottomed $ICNT (it retraced 17% of the move) and nobody's been back since. I'd expect price to go and check it. If it closes above 0.3147 though, I'm wrong.
📌 My ICNT trade: short from 0.3013, stop at 0.3135, target 0.277 (+8.1%, 1:2)
📊 24h Vol: $52.7M | 24h Chg: +40.8% | Funding: -0.0049%
Would you take this trade or sit it out? 👇
Follow for daily chart breakdowns 🔔
My opinion only. Not financial advice, do your own research.
#ICNT #Analysis #Trading
