$ICNT Long Liquidation: $5.0107K at $0.40553
Long traders were trapped as $ICNT failed to hold support and sold off sharply. Buyers expected continuation, but selling pressure increased and forced a clean liquidation below the range. Liquidity was taken quickly, showing weakness in short-term structure.
Entry (EP): $0.41800
Take Profit (TP): $0.38200
Stop Loss (SL): $0.43200
Market Outlook:
ICNT remains weak in the short term after losing a key level. If price stays below the liquidation zone, further downside is possible. Wait for a clear reclaim before considering longs, and manage risk strictly.
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