ICXUSDT breakout setup still in play?
Very weak breakout followed by a move back into consolidation range so this was a no go.
But fakeouts like these can sometimes follow through on the original breakout premise with a vengeance.
So yes, I think this is still in play. But I think it's better to wait for a strong signal before entering. Specifically, I'm waiting for the current candle to close near its high with decent volume. Market might leave me behind but that's okay. There will be other opportunities to buy this if a bull run materializes (e.g. look for a buy above 0.53... etc.)
But fakeouts like these can sometimes follow through on the original breakout premise with a vengeance.
So yes, I think this is still in play. But I think it's better to wait for a strong signal before entering. Specifically, I'm waiting for the current candle to close near its high with decent volume. Market might leave me behind but that's okay. There will be other opportunities to buy this if a bull run materializes (e.g. look for a buy above 0.53... etc.)
Comment:
Looks legit... but I'd rather wait to flip .53 before looking to enter.
