๐ Pair: ICNT/USDT
๐ Timeframe: 1-Week Swing Trade
๐ Plan Valid Until: 21โ28 December 2024
โ Entry Zone:
0.2950 โ 0.3100
Pullback into support after +29.26% rally
๐ฏ Take-Profit Targets:
TP1: 0.3350
TP2: 0.3500
TP3: 0.3800
๐ Stop Loss:
0.2700
(Below 24h low of 0.2581 for safety buffer)
๐ Key Levels:
Support: 0.2950 โ 0.2800 โ 0.2581 (24h Low)
Resistance: 0.3389 (24h High) โ 0.3500 โ 0.3800
๐ง Strategy & Rationale:
ICNT has surged +29.26% with solid volume (165.54M ICNT / $47.50M USDT). The price is currently testing the 24-hour high (~0.3389), suggesting a potential pullback before the next leg up.
A retracement to the 0.2950โ0.3100 zone offers a favorable risk-reward entry for a weekly swing toward 0.3500+.
Why this setup works:
Strong momentum with high percentage gain
Clear support/resistance levels from recent price action
Pullback entry lowers risk vs. buying at the top
Volume supports sustained interest
Risk Management:
Position size: 2โ3% of capital
Move SL to breakeven at TP1
Take 30โ40% profit at TP1, trail the rest
๐ Setup Type: Pullback Buy in Uptrend
โ๏ธ Risk/Reward: ~1:3
โ Confidence: Medium
๐ Trade disciplined, follow levels, and manage risk. Updates provided if market structure shifts.
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