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ICNT's recent market movement is quite interesting. From the 9th to the 19th, the price nearly tripled, but then in the following two days, it lost half of its gains. It looks like it's starting to rebound again, but looking at the daily chart, three tops have been formed in a row, which is a typical sign of weakness. More obviously, on the 1-hour level, the double top has just completed its second peak, and the price is now starting to move downward. From a technical perspective, the bearish signals are quite clear. If it cannot break the previous support levels, there is a high probability of further decline. Those interested in shorting can keep an eye on this level.
Three tops have appeared, what rebound are you talking about? Just go short.
I've seen many double top breakouts like this, it will definitely continue to crash later.
If the support level is broken again, there will be no bottom. This rhythm is a bit dangerous.
ICNT is indeed testing the edge of self-destructing this wave. The bearish signals are so clear, short-term outlook remains pessimistic.
It's another classic sell point after a rebound. This kind of trend has been played out too many times.
Breaking support is only a matter of time, just a question of when.