
$ICNT is approaching a supply zone where sellers are likely to regain control.
Trading Plan Short $ICNT
Entry: 0.141 – 0.142
SL: 0.145
TP1: 0.136
TP2: 0.130
TP3: 0.122
The asset has climbed from 0.113 to 0.14136 — a 24% gain. The RSI at 75 suggests the asset is approaching overbought territory. The 1-hour chart is displaying a loss of bullish momentum, with price struggling to extend beyond the current level. This region has rejected price multiple times in the past, creating a strong resistance zone. If sellers defend this area, the next downside targets are near 0.136 and 0.130, with deeper liquidity at 0.122 — a potential 14% decline from entry. The stop is placed tight at 0.145, above the recent high, making this a solid short setup.
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