Guys, have you checked $ICNT yet? 👀 Because this setup could get interesting if the buyers start pushing harder.
Right now, I’m watching for a potential move that could catch short sellers off guard. If price pushes through nearby resistance, we could see short liquidations adding extra buying pressure and accelerating the move upward.
Here’s how I’m looking at this trade:
My targets are $0.17, $0.18, $0.19, $0.20, and $0.21.
Stop-loss: $0.13.
The main idea is to catch a possible liquidity-driven move to the upside. When too many traders are positioned on the short side, a sudden push higher can force some of them to close their positions, creating additional buying pressure.
But let's keep it realistic. A short squeeze isn't guaranteed, and price can reverse if buyers fail to maintain momentum. Don't enter blindly, don't put all your capital into one trade, and always manage your risk.
I'm watching how ICNT behaves as it approaches resistance. If the price action supports the idea, the upside targets are worth keeping on the radar.
And don't get too comfortable after one setup. I'm keeping an eye on the market for the next opportunity, the goal is to find a good entry with a clear plan, not to force trades just because we want action.
Right now, I’m watching for a potential move that could catch short sellers off guard. If price pushes through nearby resistance, we could see short liquidations adding extra buying pressure and accelerating the move upward.
Here’s how I’m looking at this trade:
My targets are $0.17, $0.18, $0.19, $0.20, and $0.21.
Stop-loss: $0.13.
The main idea is to catch a possible liquidity-driven move to the upside. When too many traders are positioned on the short side, a sudden push higher can force some of them to close their positions, creating additional buying pressure.
But let's keep it realistic. A short squeeze isn't guaranteed, and price can reverse if buyers fail to maintain momentum. Don't enter blindly, don't put all your capital into one trade, and always manage your risk.
I'm watching how ICNT behaves as it approaches resistance. If the price action supports the idea, the upside targets are worth keeping on the radar.
And don't get too comfortable after one setup. I'm keeping an eye on the market for the next opportunity, the goal is to find a good entry with a clear plan, not to force trades just because we want action.