【$ICNT Signal】Pullback confirmed, bulls strike again

$ICNT 1H timeframe just completed testing the previous high, and the price is steadily above the short-term moving average. The middle band of the 4-hour Bollinger Bands continues to rise, forming dynamic support. The latest 1-hour buy order ratio reaches 60%, indicating strong willingness to buy actively.

🎯Direction: Long

⚡Entry: Enter around the current price of 0.4495 directly, or wait for a pullback to 0.4440-0.4460 area to place buy orders.

🛑Stop Loss: Below 0.4380

🚀Target 1: 0.4650

🚀Target 2: 0.4800

🛡️Trade Management:
- Execution Strategy: After the price reaches 0.4650, reduce half of the position, and move the remaining stop loss to the entry price. If the price cannot hold above 0.4550 and falls back, consider taking partial profits early.

Position size remains stable, and the price rise was not accompanied by a loosening of chips, indicating it’s not just a pump and dump. The negative histogram on the 1-hour MACD is shrinking rapidly, showing bearish momentum is weakening. The order book shows very thick buy orders in the 0.4480-0.4490 range, forming a clear capital moat. The negative funding rate also reduces the long position holding costs, easing selling pressure for further upward movement. Under this structure, the risk-reward ratio is worth trying.

Check real-time market 👇 $ICNT
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