$ICNT 🔻 Short Setup in Play
$ICNT is showing classic distribution behavior. The recent push up failed to hold, volume faded fast, and price is now slipping back below key intraday resistance.
ICNTUSDT
Perp
0.3823
+4.53%
This move looks corrective, not impulsive. Sellers are stepping in early, and momentum indicators remain weak, suggesting downside continuation.
After several failed attempts to reclaim structure, $ICNT is vulnerable to a deeper pullback as trapped longs start exiting. Unless buyers reclaim resistance with strong volume, rallies are likely to be sold. Bias remains bearish while structure stays below resistance.
Manage risk. Follow the trend.
$ICNT