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【$ICNT Signal】Pullback to Long + 1H Level Support Confirmation
$ICNT The 1H level is currently testing support in a critical zone for confirmation. The price has fallen from the high point to below the 1-hour moving average, but the 4-hour upward trend structure remains intact. Current depth shows strong buy orders around 0.3460, which is a typical strong coin pullback and shakeout pattern.
🎯Direction: Long (Pullback Entry)
⚡Entry/Order: 0.3430 - 0.3465
🛑Stop Loss: 0.3360
🚀Target 1: 0.3650
🚀Target 2: 0.3800
🛡️Trade Management:
- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining position's stop loss up to the entry price. If the price strongly breaks through 0.3650 and stabilizes, move the remaining stop loss up to 0.3580 to aim for the second target.
Depth Logic: Position volume remains stable during the price pullback, with no signs of large-scale capital outflow, indicating that the main players have not exited. The 1-hour RSI has entered oversold territory, suggesting a technical rebound is needed. Market depth shows dense buy orders in the 0.3460 to 0.3450 range below, forming a short-term strong support. Combined with negative funding rates, there is a risk of short squeeze. Once buying momentum kicks in, the rebound could be rapid.
View real-time market 👇 $ICNT
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