🚀 ICNT/USDT: Confident upward movement — should we continue the long?
Brief overview:
ICNT/USDT shows a powerful momentum on the hourly timeframe. The price is firmly above key moving averages and shows a growth of +36.01%, confirming the dominance of buyers. At the same time, indicators hint at a possible local pause before continuing the movement.
📊 Indicators:
EMA (21): 0.4029 — price is confidently above, bullish trend
RSI (14): 68.77 — overbought zone is close, but without extreme
Stochastic RSI: 76.16 — a short-term correction / consolidation is possible
🧭 Trading plan
Main scenario: LONG
🎯 Targets:
0.4580 — first fixation (≈ +6%)
0.4630 — continuation of momentum (≈ +7% from target 1)
0.4700 — expansion of movement (≈ +7% from target 2)
📍 Entry points:
Conservatively: on a pullback to 0.4450
Aggressively: entry from current 0.4510
🛑 Stop-loss: 0.4400 (≈ -2.4%)
🔎 Summary:
The trend remains strong and bullish. The optimal tactic is to work from pullbacks with risk control. If the price holds above EMA(21), the likelihood of continued growth remains high. We watch the price reaction at the nearest targets and do not forget to take profit gradually.
Trading 👉$ICNT
