$ICX Long Liquidation Alert.

The market just witnessed a sharp move as $2,521.3 worth of ICX long positions were liquidated at a price of $0.1982.

This significant liquidation indicates that bullish traders were caught off-guard, likely due to:

1️⃣ Price Rejection at key resistance levels.

2️⃣ Bearish Momentum overpowering buyers.

3️⃣ Potential Stop Loss Hunts or a drop fueled by low liquidity in the market.

What Does This Mean for $ICX

Support Zone to Watch: Look for buying interest near $0.2000 or slightly below, as traders may attempt to defend psychological levels.

Resistance Zone: A rebound could face selling pressure near $0.2100–$0.2150.

Trader's Edge

For Bulls:

Wait for signs of reversal with volume confirmation before entering new positions.

Strong support below $0.2000 could provide an ideal buy opportunity.

For Bears:

A breakdown below $0.2000 could trigger additional liquidations and provide shorting opportunities.

Stay sharp and trade responsibly $ICX remains volatile, and opportunities are ripe for both sides.

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