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ICNT

ICNT Analysis (12H)Considering the large liquidity pools that have been collected and the price reaching an origin of movement, the probability of a rejection from the supply zone is high. Since there is liquidity at the bottom of the chart as well, if the price breaks the demand zone, it may move toward the lower liquidity pools. However, if the demand zone holds as support, we could potentially see a new ATH. Let’s wait and see what happens Do not enter the position without capital management and stop setting Comment if you have any questions thank you
by iMoneyTeam
3
ICNT Analysis (4H)It appears that a triangle is forming. We are currently completing wave D of this triangle — in fact, we are in the middle of wave D. To complete wave D, the price may make deeper drops. The best area for entering a sell/short position is the red zone. If the price reaches this zone, we can open a sell/short position. The targets are marked on the chart. A daily candle closing below the invalidation level will invalidate this analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Short
by behdark