Short Set-up 🚀 😘
🔴 $ICNT (Overextended Trend)
A massive 36% run, but the latest candle printed a sharp rejection at the 0.2330 high
. The moving averages are heavily fanned out, which means the price is overextended.
• The Setup: A healthy cooling-off phase is highly likely. Short sellers are watching for a pullback to the EMA7 support at 0.2214, with a deeper target at the MA14 around 0.2118.
• Turnover: 3.38M. Strong liquidity to facilitate the move.
Are you taking advantage of these pullbacks? 👇
🔴 $ICNT (Overextended Trend)
A massive 36% run, but the latest candle printed a sharp rejection at the 0.2330 high
. The moving averages are heavily fanned out, which means the price is overextended.
• The Setup: A healthy cooling-off phase is highly likely. Short sellers are watching for a pullback to the EMA7 support at 0.2214, with a deeper target at the MA14 around 0.2118.
• Turnover: 3.38M. Strong liquidity to facilitate the move.
Are you taking advantage of these pullbacks? 👇
