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ICNT's recent trend is quite interesting. The previous sharp drop was essentially a classic liquidity hunt—whales deliberately sold off at key levels to shake out those with weak holdings. This move was executed very skillfully, and many novice traders' positions were washed out in the process.
However, the situation has now changed. If you look closely at the chart, the support levels at the bottom are gradually rising, and trading volume is starting to pick up. This typically indicates that the main players have completed their shakeout, and the next move is likely to be an upward breakout. From a technical perspective, this bottoming process combined with the main players building positions is particularly evident.
The risk-reward ratio for this move is indeed favorable—there's a clear support level below as a stop-loss point, and the breakout space above is relatively large. If the trend is confirmed, the profit potential of this move is worth looking forward to. But the prerequisite is to wait until the confirmation signals are fully established and not to be fooled by a secondary shakeout.
Wait, can we really believe the logic that the support level is rising? It feels like they say this every time.
Main force building positions? Let's wait until the confirmation signal comes out before talking. Don't get caught again.
They make a few points of profit and want to run, but end up missing the main upward wave—that's the fate of retail investors.
The bottom lift is indeed worth watching, but I'm more concerned about whether the trading volume can truly pick up.
Let's wait for confirmation signals; don't rush to get on board. A second washout is not something to take lightly.
I also saw the bottom lift, and the volume-price coordination is indeed quite good, but it's better to wait for a confirmed break to be safer.
This time the risk-reward ratio is decent, but I'm just worried it might be another routine of a secondary shakeout.
Let's wait and see if there's a real breakthrough, don't keep tricking me into selling at a loss.
Bottom support rise? It looks more like a rebound to me, better to be cautious.
Is this support level reliable? I've been trapped too many times.
Only believe it when the trading volume increases, everything else is too early to tell.