Yello Paradisers! Have you spotted the massive shift in #ICXUSDT ? After breaking through a long-term downtrend resistance that had held since April, ICX surged explosively, but the momentum now faces its first real test. Is this the perfect re-accumulation opportunity, or are we gearing up for further downside? Let’s dive into the key areas you need to watch.
💎The descending trendline, acting as a strong resistance for over 8 months, has been decisively breached. Notice the sharp breakout in late November, accompanied by a significant volume spike – a clear sign of bullish interest.
💎 Price is now retracing into the demand zone at $0.2000. Price already respected this demand previously, so if bulls step in here with conviction, expect a strong bounce and continuation of the uptrend.
💎If the demand zone fails to hold, the next area of interest is the broader support zone around $0.1662–$0.1741. A deeper retracement here would still maintain the bullish structure, but failure to hold could trigger a bearish move.
💎Pay close attention to the volume during this pullback. A decline in volume while price drops would signal a healthy correction. Conversely, an increase in bearish volume could indicate growing selling pressure.
💎This is the make-or-break zone for ICXUSDT. Bulls need to hold the demand zone for any chance of continuation. A rejection here could fuel another bullish impulse, rewarding patient traders. On the other hand, failure to hold this level could trigger a deeper retracement, shaking out weak hands.
Stay focused, play it smart, and keep following strategy – because only the strategic traders will capitalize on moves like this. Be a PRO!