$ICX

ICX

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After the recent strong rise, many traders have become more optimistic... but the current movement of $ICX indicates the possibility of a correction and a liquidity pull towards the downside.

$ICX — Sell order (Short) 📉

Entry area:

0.0428 – 0.0438

Stop loss:

0.0472

Profit targets:

TP1: 0.0405

TP2: 0.0388

TP3: 0.0369

Analysis:

ICX has seen a strong price surge, but it now shows weakness near the resistance area with a decline in momentum. Prices often tend to re-test previous breakout areas after vertical movements before determining the next direction.

Expected scenario:

If the level of 0.041 is clearly broken, selling pressure may accelerate and the price may move towards liquidity areas between 0.039 – 0.037. 📉