$ICNT Beware of trend reversal! The 4H cycle price at 0.4927 has broken below the key trend tracking line at 0.4971 📉
This rally started from 0.5295, surged to 0.5590, but has now retraced over 11%. The MACD momentum bars have shrunk by nearly 90%, indicating a significant increase in bearish strength. Currently, it is closely below the trend line. If it cannot quickly recover, the upward structure may be compromised. Key support levels are at 0.4572 and 0.4103 (the sideways trading zone before the market started). Risks are increasing, so long positions must set stop-loss orders! 🚨
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$ICNT Beware of trend reversal! The 4H cycle price at 0.4927 has broken below the key trend tracking line at 0.4971 📉
This rally started from 0.5295, surged to 0.5590, but has now retraced over 11%. The MACD momentum bars have shrunk by nearly 90%, indicating a significant increase in bearish strength.
Currently, it is closely below the trend line. If it cannot quickly recover, the upward structure may be compromised. Key support levels are at 0.4572 and 0.4103 (the sideways trading zone before the market started).
Risks are increasing, so long positions must set stop-loss orders! 🚨