š ICNTUSDT: +18.80% Rally! š„ Is Now the Right Time to Buy? š¤š¤....
Hey Crypto Family! š«š¤.....
The ICNTUSDT (ICNT) chart looks very appealing! The price has risen very strongly from the $0.2400 level, showing massive Bullish Momentum on the 4-hour chart.
ā¢ It has increased by +18.80% in 24 hours and is currently trading at $0.3899.
ā¢ It recently touched the 24-hour High of $0.3999 and has pulled back slightly from that point.
š Chart Analysis: Buy/Wait?
ā¢ Confirmed Momentum: A series of green candles and increasing volume clearly indicate that buyers are strong.
ā¢ Key Resistance: $0.4000 is an important psychological and chart resistance level. If the price breaks this level and sustains above it, a larger pump can be expected.
ā¢ Current Price: $0.3899.
ā¢ 24h High: $0.3999.
ā¢ 24h Low: $0.3109.
š” Is Now the Right Time to Buy?
Since the price is near the high, trading should be done smartly:
ā¢ Safe Entry (Breakout Entry): The safest method is to wait until the price breaks the $0.4000 resistance and then closes a 15-minute candle above it. Entering after this breakout confirmation reduces the risk.
ā¢ Pullback Entry: If you are ready to take a risk, you can enter if the price pulls back slightly to the $0.3750 or $0.3800 level and starts moving up again.
ā¢ Stop-Loss is Mandatory: Even with strong upward momentum, setting a Stop-Loss at $0.3500 can prevent significant loss.
ā ļø Key Advice: $ICNT is currently very strong. However, waiting for the $0.4000 breakout or a slight pullback is the best strategy to reduce risk.
Will you wait for the breakout in $ICNT, or will you enter immediately? Comment below! š
#Crypto #ICNT #Trading #Breakout
