$ICNT IS TARGETING THE 0.52–0.56 ZONE AFTER A STRONG IMPULSIVE MOVE UP.
Price action on $ICNT has shown a clean bullish shift after defending the lower demand area near 0.35–0.37. The chart clearly shows strong buying pressure stepping in, followed by a series of higher highs and higher lows. The recent breakout above the 0.42–0.44 resistance zone confirms strength, and the current consolidation near highs suggests continuation rather than exhaustion. As long as price holds above the breakout area, bulls remain in control and dips are likely to be bought.
From a trade perspective, this structure favors a long continuation setup. The impulsive green candles indicate momentum, and shallow pullbacks show sellers are weak. A healthy retest toward the 0.44–0.45 zone can provide a safer long entry, targeting the next liquidity pocket above. If momentum sustains, price can expand toward 0.52 and even 0.56. Risk management is key here, as a breakdown below the previous support would invalidate the bullish structure.
Trade Setup (Long):
Entry: 0.44 – 0.46
Target 1: 0.50
Target 2: 0.56
Stop Loss: 0.40
Short Outlook:
Only consider shorts if price loses 0.40 with strong rejection; otherwise, trend bias remains bullish.
