【$ICNT Signal】Short | Weak consolidation after volume break

$ICNT After experiencing a -21% volume-driven decline, it is now undergoing weak consolidation at a low level. The price action shows sideways movement and hesitation after a decline, rather than effective support. Combined with open interest data, it leans more towards a phase where the main players are unloading after a short squeeze.

🎯 Direction: Short (Short)

🎯 Entry: 0.360 - 0.368

🛑 Stop Loss: 0.385 (Rigid Stop Loss)

🚀 Target 1: 0.330

🚀 Target 2: 0.300

The decline of $ICNT is accompanied by significant volume increase, which is a clear sign of weakness. Currently, the price is oscillating narrowly at a low level, showing no signs of absorption from buyers, typical of a downward continuation pattern. Market sentiment has shifted to panic and selling, and any rebound into the entry zone is an area where supply reappears. As long as the price cannot quickly recover above 0.385, the downtrend will persist.

Trade here 👇 $ICNT

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