📌 Pair: ICNT/USDT
🕒 Timeframe: 1-Week Swing Trade
📅 Plan Valid Until: 21–28 December 2024
✅ Entry Zone:
0.2950 – 0.3100
Pullback into support after +29.26% rally
🎯 Take-Profit Targets:
TP1: 0.3350
TP2: 0.3500
TP3: 0.3800
🛑 Stop Loss:
0.2700
(Below 24h low of 0.2581 for safety buffer)
📊 Key Levels:
Support: 0.2950 → 0.2800 → 0.2581 (24h Low)
Resistance: 0.3389 (24h High) → 0.3500 → 0.3800
🧠 Strategy & Rationale:
ICNT has surged +29.26% with solid volume (165.54M ICNT / $47.50M USDT). The price is currently testing the 24-hour high (~0.3389), suggesting a potential pullback before the next leg up.
A retracement to the 0.2950–0.3100 zone offers a favorable risk-reward entry for a weekly swing toward 0.3500+.
Why this setup works:
Strong momentum with high percentage gain
Clear support/resistance levels from recent price action
Pullback entry lowers risk vs. buying at the top
Volume supports sustained interest
Risk Management:
Position size: 2–3% of capital
Move SL to breakeven at TP1
Take 30–40% profit at TP1, trail the rest
📈 Setup Type: Pullback Buy in Uptrend
⚖️ Risk/Reward: ~1:3
✅ Confidence: Medium
👉 Trade disciplined, follow levels, and manage risk. Updates provided if market structure shifts.
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