$ICNT has just recorded a long liquidation at $0.12915, showing that leveraged long positions were flushed out as the market moved lower. These liquidity sweeps often reset the market by removing weak hands, and if buyers defend the current support zone, a short-term recovery can follow. I'm watching for price to stabilize before considering any long position.
Technically, ICNT is trading near an important demand area. If the price begins to form higher lows and reclaims the nearest resistance with healthy volume, the probability of a relief bounce increases. A decisive break below support would invalidate this setup, so patience and disciplined risk management are essential.
EP: $0.1280 – $0.1292
TP: $0.1330 | $0.1370 | $0.1420
SL: $0.1255
This setup is based on the latest liquidation event, current market structure, and nearby technical support and resistance levels. Wait for confirmation before entering any position and always manage your risk.
$ICNT #ICNTUSDT