$ICNT 💔 2.9x Unusual Selling Volume on
$ICNT , what just happened?
- Given the current structure, strong momentum, and volume, I expect the price to remain under pressure and likely test supports down to 0.1707 and possibly 0.1681 soon.
- If you want to trade the downside, the ideal entry would be on a weak bounce into 0.1809 or 0.1823, confirmed by rejection or reversal on the 5m/1m charts—look for a strong bearish candle, a rejection wick, or a failed break above these levels.
- If you get this confirmation, an example trade could be:
- Enter short in the 0.1809–0.1823 area on confirmation
- Take profit targets at 0.176, 0.1707, and 0.1681
- Place your stop-loss above the swing high that forms at the rejection (do not use a fixed value—wait for a swing high to be made)
- If price crashes through 0.176 without a bounce and heads straight for 0.1707/0.1681, avoid chasing shorts—wait for a clear reversal pattern or failed breakdown before considering any long scalp.
- Should price break and hold above 0.1867 (with strong bullish candles and volume), the bearish bias is invalidated and price may target 0.1894 or even the imbalance area above.
📝 This is not investment advice—just an educational analysis. The current market context looks bearish, but always wait for your confirmation setups, manage risk, and do not blindly follow signals after a panic event like this.
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