ICX had a nice pump to 6920 sats with a long wick. And did find support on the way down at the previous high 5523 sats. The daily close made a double top candle stick. I not like doble tops and this is a great indication to take profit.
When something pump this hard in one straight line. There are are not many support levels on the way down. So be careful when buying in to pumps. And before you know it will support 5523 become resistance on the way up.. A small correction here are just healthy imo.
This pump was driven by FOMO and good news coming out from the Icon team. MyID and much much more ,)
The bad thing about pumps are the new buyers fomoing in on the top ending up beeing bag holders. I like Icon and think this project are one of the best out there. But for a starge reason i think we are not there yet. ICX have been pumping and dumping for many months now. And i think insiders doing this to create/atract new investors to buy in. I not try to spread fud and wish all the holders a nice run ,)
When something pump this hard in one straight line. There are are not many support levels on the way down. So be careful when buying in to pumps. And before you know it will support 5523 become resistance on the way up.. A small correction here are just healthy imo.
This pump was driven by FOMO and good news coming out from the Icon team. MyID and much much more ,)
The bad thing about pumps are the new buyers fomoing in on the top ending up beeing bag holders. I like Icon and think this project are one of the best out there. But for a starge reason i think we are not there yet. ICX have been pumping and dumping for many months now. And i think insiders doing this to create/atract new investors to buy in. I not try to spread fud and wish all the holders a nice run ,)