$ICNT — Analysis & Trade Plan 📉⚡

ICNTUSDT

Perp

0.362

+33.62%

$ICNT made a strong vertical pump and then faced a hard rejection from the top. One strong red candle erased multiple green candles, which clearly shows distribution and profit booking. Price is now consolidating after a dump, so this is a high-risk zone and needs confirmation 🎯

🔴 Short Setup (Preferred)

Entry: $0.275 – $0.285 (retest & rejection)

TP1: $0.255

TP2: $0.235

SL: $0.305

➡️ As long as price stays below the breakdown zone, sellers remain in control 🐻

🟢 Long Setup (Only on Strength)

Entry: Above $0.300 (clean breakout & hold)

TP1: $0.330

TP2: $0.365

SL: $0.285

➡️ Long only if buyers reclaim structure with volume 🚀