ICNT: Market Makers’ Trap (12H)Over the past period, market makers have been pushing the price of ICNT upward in a low-volatility crypto market. This kind of controlled price expansion often happens when liquidity is being built quietly. However, at the moment, it appears that a bearish wave has started to form on this altcoin.
Before jumping to conclusions, let’s take a closer look at what market makers are likely doing behind the scenes.
Based on the structure we have marked on the chart, ICNT has entered the initial stage of a bullish phase from a higher-timeframe perspective. This move does not look impulsive or emotional; instead, it shows structured price behavior, which is usually a sign of professional participation.
From a wave-structure standpoint, this bullish phase resembles a bullish Diagonal pattern. In this structure, Wave C appears to have already completed, and price action now suggests that Wave D is currently in progress. Wave D often comes with increased volatility, false breakdowns, and shakeouts designed to remove weak hands before the next directional move.
To manage risk properly, we have identified two clear entry zones, where positions should be built using a DCA (Dollar-Cost Averaging) strategy, rather than entering all at once. This approach helps reduce emotional decision-making and improves average entry price during corrective moves.
⚠️ Invalidation rule:
If a daily candle closes above the invalidation level, this analysis will be invalidated. Risk management comes first, and this condition must be respected.
🎯 Trade management:
At Target 1, it is recommended to secure partial profits. After that, move the stop loss to breakeven (entry level) to protect capital and allow the trade to continue risk-free.
As always, this setup is based on price structure, market behavior, and risk control, not prediction. Stay disciplined, manage risk, and let the market confirm the idea.
If you have a coin or altcoin you want analyzed, first hit the like button and then comment its name so I can review it for you.
This is not a trade setup, as it has no precise stop-loss, stop, or target. I do not publish my trade setups here.
