$ICNT liquidity was swept hard from the lower range near 0.451 and sellers failed to hold control after the flush.
Reason
Price dropped aggressively and cleared stops below support. That move exhausted sellers. The reaction from the lows was immediate. I’m seeing absorption now, not panic continuation.
Market read
After the impulse move into the 0.52 area, price corrected sharply and flushed weak longs. The bounce from 0.451 was clean. Since then, price is building higher lows with controlled candles. Selling pressure has slowed. This looks like a reset after expansion, not a trend break.
Entry Point
0.458 to 0.470
Target Point
TP1 0.492
TP2 0.520
TP3 0.555
Stop Loss
Below 0.442
How it’s possible
This setup is built on a stop hunt and reaction. Liquidity was taken, sellers lost momentum, and buyers stepped back in. Now price is holding above the sweep zone and compressing. If buyers continue to defend this level, rotation back to prior highs becomes likely. I’m trading structure with defined risk.
Let’s go and Trade now $ICNT
