ICNT's recent trend looks like it hit the brakes suddenly—dropping straight from $0.4929 to $0.3535, a 28.29% decline in just 7 days, leaving many bulls stunned. But a turnaround came quickly.
At the low point of $0.3544, funds quietly started to accumulate, and the price rebounded to $0.3805, a 4.48% increase in 24 hours. The trading data is also quite interesting: trading volume exceeded 21.89 million USDT, with a total volume of 58.83 million, indicating increased activity during the rebound, which suggests it’s not a false rally—someone is indeed bottom-fishing. The previous sharp decline bottom has now become a defensive line.
**How to operate more reliably?**
First, about entering the market—don’t rush to chase the high. Let it pull back to between $0.3700 and $0.3750, and try a small position to test the waters. Relying on recent key support levels for positioning will improve the win rate.
Take profit in three levels: the first target is $0.3900, the second is $0.4000, and if it breaks through the previous high, there’s a chance to see $0.4100.
Stop loss is firmly set at $0.3600. If it falls below this line, the rebound trend is likely to fade.
**Risk reminder**: This rebound, frankly, is just a technical breath after a sharp decline; the overall downtrend has not been fully reversed. As long as it doesn’t break below $0.3600, you can try a small position to test the rebound’s temperament; short-sellers should avoid heavy positions now, wait for the rebound to hit a wall before entering again for more stability; longs should also be cautious—within the medium-term downtrend channel, the rebound space is limited, so take profits when possible.
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GigaBrainAnon
· 14h ago
A 28% drop directly stunned people, and this rebound feels pretty hollow. Can it really hold the 3600 level?
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CryptoNomics
· 01-07 09:28
actually if you ran a basic correlation matrix on volume vs price action during bounces like this, you'd see most retail traders are just chasing the dead cat bounce. statistically significant? doubt it.
Reply0
OvertimeSquid
· 01-06 12:57
Another fake rebound like this, I have to wait for a pullback before I dare to buy.
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MetaverseVagabond
· 01-06 12:56
A 28% drop is really brutal... Now this rebound feels like a fleeting moment.
Wait, can this support level really hold? I have a feeling there are still pitfalls ahead.
Small positions are testing the waters okay, but I still want to wait and see if this wave can truly stop the decline.
Someone has bought in at low levels, but increasing volume doesn't necessarily mean the direction is correct. Be cautious of rebound traps.
If it breaks below $0.36, I really need to exit; I agree with this stop-loss level.
But honestly, I'm still a bit hesitant to enter now. I feel the overall trend hasn't truly reversed yet. Let's wait for more clear signals.
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DeFi_Dad_Jokes
· 01-06 12:55
Oh my, a 28% drop, and my long position is gone
Wait, this rebound volume is pretty good, and a lot of funds are buying in at low levels
Whether $0.36 breaks or not is the key; if it breaks, it's really over
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FloorPriceWatcher
· 01-06 12:51
A 28-point plunge, this move is really fierce. Now, the rebound just feels like catching a breath.
Don't chase it for now. Wait until it drops back to 0.37. Small positions are the safest way to test the waters.
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BottomMisser
· 01-06 12:49
A 28% drop rebounded like this, but it still feels like a false rally. I think it's going to be difficult.
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RebaseVictim
· 01-06 12:40
A 28% drop is really incredible; this rebound is probably just a short-lived recovery.
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BearMarketHustler
· 01-06 12:38
A 28% drop is indeed harsh, but this rebound seems a bit fake...
This is just a technical breather, don't get fooled, bro.
There's quite a bit of capital picking up at low levels; increased volume is still somewhat interesting.
Wait for the pullback to the 0.37 range before buying again; chasing now is too risky.
If 0.36 breaks, it's time to run; this defense line can't be trusted.
ICNT's recent trend looks like it hit the brakes suddenly—dropping straight from $0.4929 to $0.3535, a 28.29% decline in just 7 days, leaving many bulls stunned. But a turnaround came quickly.
At the low point of $0.3544, funds quietly started to accumulate, and the price rebounded to $0.3805, a 4.48% increase in 24 hours. The trading data is also quite interesting: trading volume exceeded 21.89 million USDT, with a total volume of 58.83 million, indicating increased activity during the rebound, which suggests it’s not a false rally—someone is indeed bottom-fishing. The previous sharp decline bottom has now become a defensive line.
**How to operate more reliably?**
First, about entering the market—don’t rush to chase the high. Let it pull back to between $0.3700 and $0.3750, and try a small position to test the waters. Relying on recent key support levels for positioning will improve the win rate.
Take profit in three levels: the first target is $0.3900, the second is $0.4000, and if it breaks through the previous high, there’s a chance to see $0.4100.
Stop loss is firmly set at $0.3600. If it falls below this line, the rebound trend is likely to fade.
**Risk reminder**: This rebound, frankly, is just a technical breath after a sharp decline; the overall downtrend has not been fully reversed. As long as it doesn’t break below $0.3600, you can try a small position to test the rebound’s temperament; short-sellers should avoid heavy positions now, wait for the rebound to hit a wall before entering again for more stability; longs should also be cautious—within the medium-term downtrend channel, the rebound space is limited, so take profits when possible.