$ICNT experienced a sizable long liquidation near 0.4055, indicating aggressive bullish positioning was flushed after rejection. Despite the size, follow-through selling slowed quickly, suggesting a corrective reset rather than aggressive distribution. If price holds above demand and begins consolidating, a rebound toward higher resistance becomes viable. Confirmation through structure is essential before aggressive positioning.
EP: 0.392 – 0.406
TP: 0.430 / 0.465 / 0.515
SL: 0.378
Mean-reversion recovery setup with disciplined downside protection.
ICNTUSDT
Prep
0.402
-3.34%