$ICNT Momentum Recovery Setup
Entry Zone: 0.2050 – 0.2120
Stop Loss: 0.1940
TP1: 0.2250
TP2: 0.2450
TP3: 0.2700
ICNT is showing renewed buying pressure after consolidating above its earlier support area. The latest hourly candles indicate a strong recovery toward 0.2115, putting price near a short-term resistance zone.
A sustained breakout above 0.2120 could open the way toward 0.2250, followed by 0.2450 if bullish momentum continues. The 0.2700 region is a more ambitious target near the previous major swing high of 0.2739.
If price fails to hold the 0.2050 area, a pullback toward lower support may develop. Wait for breakout confirmation or a controlled retest before entering, as the chart alone cannot confirm continuation.
Manage risk carefully and avoid chasing a sharp green candle.
Entry Zone: 0.2050 – 0.2120
Stop Loss: 0.1940
TP1: 0.2250
TP2: 0.2450
TP3: 0.2700
ICNT is showing renewed buying pressure after consolidating above its earlier support area. The latest hourly candles indicate a strong recovery toward 0.2115, putting price near a short-term resistance zone.
A sustained breakout above 0.2120 could open the way toward 0.2250, followed by 0.2450 if bullish momentum continues. The 0.2700 region is a more ambitious target near the previous major swing high of 0.2739.
If price fails to hold the 0.2050 area, a pullback toward lower support may develop. Wait for breakout confirmation or a controlled retest before entering, as the chart alone cannot confirm continuation.
Manage risk carefully and avoid chasing a sharp green candle.