$ICNT The Rebound Is Gaining Strength, But One Resistance Remains
ICNT has staged a strong recovery from its recent low, but the next move depends on whether buyers can turn the current resistance into support.
LONG SETUP
Entry Zone: 0.1800 – 0.1840
Stop Loss: 0.1630
TP1: 0.1965 – 0.2000
TP2: 0.2080 – 0.2120
TP3: 0.2176
Why This Setup?
ICNT is trading near 0.1918 after recovering sharply from 0.1638. The recent breakout from the ascending recovery structure indicates improving bullish momentum.
However, price is now approaching the 0.1965–0.2000 resistance zone, where sellers may attempt to slow the rally.
A breakout above 0.2000 with strong volume could open the path toward 0.2080–0.2120. If momentum continues, the previous swing high near 0.2176 becomes a potential extended target.
The preferred approach is to wait for a pullback toward 0.1800–0.1840 and look for bullish confirmation rather than chasing the current move.
Confirmation Trigger: A sustained breakout above 0.2000 or a confirmed bullish rebound from the entry zone.
Invalidation: A breakdown below 0.1638 would weaken the recovery structure.
ICNT is showing strength, but confirmation matters more than excitement. Consider risking only 1–3% of your trading deposit per trade.
Trade the setup, not the hype.
ICNT has staged a strong recovery from its recent low, but the next move depends on whether buyers can turn the current resistance into support.
LONG SETUP
Entry Zone: 0.1800 – 0.1840
Stop Loss: 0.1630
TP1: 0.1965 – 0.2000
TP2: 0.2080 – 0.2120
TP3: 0.2176
Why This Setup?
ICNT is trading near 0.1918 after recovering sharply from 0.1638. The recent breakout from the ascending recovery structure indicates improving bullish momentum.
However, price is now approaching the 0.1965–0.2000 resistance zone, where sellers may attempt to slow the rally.
A breakout above 0.2000 with strong volume could open the path toward 0.2080–0.2120. If momentum continues, the previous swing high near 0.2176 becomes a potential extended target.
The preferred approach is to wait for a pullback toward 0.1800–0.1840 and look for bullish confirmation rather than chasing the current move.
Confirmation Trigger: A sustained breakout above 0.2000 or a confirmed bullish rebound from the entry zone.
Invalidation: A breakdown below 0.1638 would weaken the recovery structure.
ICNT is showing strength, but confirmation matters more than excitement. Consider risking only 1–3% of your trading deposit per trade.
Trade the setup, not the hype.
