🔥 $ICNT We are looking optimistically, but let's not chase blindly
The price just broke several key resistance levels on the 4H chart, and the volume confirms this — we observed a huge spike to ~76M USDT on the candle 0.4939. There is a real accumulation from large players.
The money flow tells the same story: strong inflows on the spot (~397k USST over the last 24 hours), while withdrawals from futures are minor (~-18k). This is classic buying pressure on the spot, not just FOMO with leverage.
*My plan $ICNT at the moment: Cautious long, but I'm not jumping in at current levels.
- Entry: Wait for a healthy pullback to the zone 0.4650–0.4750 (where MA5 and the middle Bollinger band align nicely).
- Stop-loss: approximately 0.4450 USDT
- Target: First take profit at the resistance R2 ~0.5475 USDT
RSI and KDJ are screaming $ICNT overbought, so chasing here could be painful. Better to let it rest a bit. But if it cleanly passes R1 (~0.5183)? We might see real fireworks towards higher levels.
#icnt #icntusdt #impossiblecloudnetwork
The price just broke several key resistance levels on the 4H chart, and the volume confirms this — we observed a huge spike to ~76M USDT on the candle 0.4939. There is a real accumulation from large players.
The money flow tells the same story: strong inflows on the spot (~397k USST over the last 24 hours), while withdrawals from futures are minor (~-18k). This is classic buying pressure on the spot, not just FOMO with leverage.
*My plan $ICNT at the moment: Cautious long, but I'm not jumping in at current levels.
- Entry: Wait for a healthy pullback to the zone 0.4650–0.4750 (where MA5 and the middle Bollinger band align nicely).
- Stop-loss: approximately 0.4450 USDT
- Target: First take profit at the resistance R2 ~0.5475 USDT
RSI and KDJ are screaming $ICNT overbought, so chasing here could be painful. Better to let it rest a bit. But if it cleanly passes R1 (~0.5183)? We might see real fireworks towards higher levels.
#icnt #icntusdt #impossiblecloudnetwork