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【$ICNT Signal】Short + Volume Breakout
$ICNT Forms a breakout pattern after a volume-driven decline, with high open interest accompanied by a sharp price drop, indicating major players are offloading or long positions are under massive liquidation pressure.
🎯 Direction: Short (Short)
🎯 Entry: 0.380 - 0.385
🛑 Stop Loss: 0.405 (Rigid Stop Loss)
🚀 Target 1: 0.350
🚀 Target 2: 0.320
$ICNT Daily decline exceeds 22%, with trading volume significantly expanding to 11M, a typical weak signal. Price action shows persistent selling pressure that has not been effectively absorbed. A decline under high open interest usually indicates trend continuation. There is no obvious support below the current price level, and a weak rebound presents a good entry opportunity.
Trade here 👇 $ICNT
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