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【$ICNT Signal】Short + Volume Breakout
$ICNT Forms a breakdown structure after volume decline, with high open interest accompanied by falling prices, indicating potential long liquidation or selling pressure from major players.
🎯 Direction: Short (Short)
🎯 Entry: 0.340 - 0.348
🛑 Stop Loss: 0.365 (Rigid Stop Loss)
🚀 Target 1: 0.310
🚀 Target 2: 0.285
$ICNT Daily decline of nearly 19%, trading volume significantly increased to 11.70M, while open interest remains high. This combination of “price falling, volume increasing, and open interest stable” is a typical weak signal, indicating active and persistent selling pressure, with insufficient buying support below. The price has broken out of the previous consolidation zone, and the next effective support levels are around 0.31 and 0.285. A rebound into the entry zone is a shorting opportunity.
Trade here 👇 $ICNT
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