🚨 $INTCB UNDER HEAVY SELLING PRESSURE! 3.9X VOLUME SPIKE WARNS OF FURTHER DOWNSIDE!
$INTCB is showing significant bearish momentum after a sharp liquidity sweep below $69.67. The latest 2.8% drop on 3.9x volume suggests aggressive selling pressure, while the broader market structure continues to favor the bears.
Market Structure Breakdown:
- 1H Trend: Bearish
- Daily Trend: Bearish
- Weekly Trend: Bearish
- BTC Alignment: Bearish
- 15M Price Drop: 2.8%
- Volume Spike: 3.9x
- Key Liquidity Level: $69.67
Bearish Trading Strategy:
I am watching for a potential relief bounce toward the $70.22–$75.27 supply zone. If sellers defend this area and lower-timeframe bearish confirmation appears, another downside move could develop.
Potential Resistance Levels:
- $70.22–$75.27
- $78.39
- $83.44
Downside Targets:
- TP1: $67
- TP2: $63
- TP3: $59
Invalidation Level: A confirmed close above $93.54 would invalidate the current bearish outlook.
My Trading Approach: No chasing the dump and no blind entries. Wait for a relief rally, rejection, and bearish market structure shift before considering a short position.
With BTC also under selling pressure, could INTCB be preparing for another leg down?$INTCB
Not financial advice. Educational analysis only.
CHIL-WITH-CRYPTO
#INTCB #CryptoTrading #Altcoins #TechnicalAnalysis #BinanceSquare
$INTCB is showing significant bearish momentum after a sharp liquidity sweep below $69.67. The latest 2.8% drop on 3.9x volume suggests aggressive selling pressure, while the broader market structure continues to favor the bears.
Market Structure Breakdown:
- 1H Trend: Bearish
- Daily Trend: Bearish
- Weekly Trend: Bearish
- BTC Alignment: Bearish
- 15M Price Drop: 2.8%
- Volume Spike: 3.9x
- Key Liquidity Level: $69.67
Bearish Trading Strategy:
I am watching for a potential relief bounce toward the $70.22–$75.27 supply zone. If sellers defend this area and lower-timeframe bearish confirmation appears, another downside move could develop.
Potential Resistance Levels:
- $70.22–$75.27
- $78.39
- $83.44
Downside Targets:
- TP1: $67
- TP2: $63
- TP3: $59
Invalidation Level: A confirmed close above $93.54 would invalidate the current bearish outlook.
My Trading Approach: No chasing the dump and no blind entries. Wait for a relief rally, rejection, and bearish market structure shift before considering a short position.
With BTC also under selling pressure, could INTCB be preparing for another leg down?$INTCB
Not financial advice. Educational analysis only.
CHIL-WITH-CRYPTO
#INTCB #CryptoTrading #Altcoins #TechnicalAnalysis #BinanceSquare