daily resistance — lower high structure forming.
🔻 SHORT $ ICNT
Entry Zone: 0.402 – 0.415
Stop Loss: 0.445
Target 1: 0.380
Target 2: 0.355
Target 3: 0.320
$ICNT printed a strong rejection from the 0.49 region and is now trading below the 7 & 25 EMA on the daily timeframe, signaling weakening bullish momentum. The recent bounce appears corrective rather than impulsive, suggesting potential lower-high formation near 0.41.
As long as price remains below 0.445, the bearish thesis stays intact. A breakdown below 0.396 support opens rotation toward 0.380 first, followed by 0.355. If selling pressure expands, 0.320 becomes the next major liquidity pocket.
A strong reclaim above 0.445 would invalidate the short setup.
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ICNTUSDT
Perp
0.4009
-0.37%
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