💎 ICX has undoubtedly captured significant attention in the market. Currently, it has perfectly broken out of the rounding bottom in the supply area with substantial volume. ICX is currently undergoing a retesting phase in the demand area, which precedes the supply zone.
💎 If the retesting phase in the demand area proves successful, there is a likelihood that ICX's price will bounce, the probability of continuing its upward trajectory and reaching our target in the major supply area.
💎 However, if ICX encounters difficulties during the retesting phase at the demand zone and struggles to maintain its position, resulting in a breakdown, the scenario shifts to a bearish movement.
💎 In such a case, ICX may retracement to the next lower demand area. At this point, ICX would require a bounce to reclaim the area around $0.26 to sustain its upward movement. Failure to reclaim this area could lead to a continued downward movement, possibly returning to the strong support zone.