$ICNT is up +27% and everyone's piling in late. I'm looking the other way ๐
Price ran 82% in 3 days and suddenly everyone's talking about it. I'm not chasing this move.
Look at what happened around 0.363: ICNT got through by just 4.5%, tagged 0.3793 and fell back. Everyone who bought that breakout is sitting on a loss now.
My eyes are on 0.2995, the low of the earlier $ICNT pullback. A lot of stops are sitting there and price hasn't tested it yet. Above 0.3793 I'm out of this idea.
๐ My ICNT trade: short from 0.3726, stop at 0.4092, target 0.2995 (+19.6%, 1:2)
๐ 24h Vol: $120M | 24h Chg: +27.0% | Funding: +0.0031%
Am I wrong? Tell me why below ๐
Follow for daily chart breakdowns ๐
Just my view, not financial advice.
#ICNT #Analysis #Trading
Price ran 82% in 3 days and suddenly everyone's talking about it. I'm not chasing this move.
Look at what happened around 0.363: ICNT got through by just 4.5%, tagged 0.3793 and fell back. Everyone who bought that breakout is sitting on a loss now.
My eyes are on 0.2995, the low of the earlier $ICNT pullback. A lot of stops are sitting there and price hasn't tested it yet. Above 0.3793 I'm out of this idea.
๐ My ICNT trade: short from 0.3726, stop at 0.4092, target 0.2995 (+19.6%, 1:2)
๐ 24h Vol: $120M | 24h Chg: +27.0% | Funding: +0.0031%
Am I wrong? Tell me why below ๐
Follow for daily chart breakdowns ๐
Just my view, not financial advice.
#ICNT #Analysis #Trading
