$ICX Long Liquidation Sends Shockwaves Through the Market!
A $1,363 long liquidation hit ICX at $0.1932, signaling heightened selling pressure and shaking bullish confidence.
This move marks a pivotal moment, with $ICX testing critical support levels as the bears take control.
Key Details:
Liquidation Amount: $1,363
Liquidation Price: $0.1932
Market Context: The failure to hold above $0.195 suggests that the market is tilting bearish.
Longs are getting wiped out, and momentum may shift further downward unless buyers step in aggressively.
Next Move:
For Bears (Short Traders): A breakdown below $0.19 could open the door for further downside toward $0.185 or $0.18.
Look for weak bounces to add to short positions.
For Bulls (Long Traders): Wait for consolidation above $0.195 or a breakout above $0.20 before re-entering long positions.
A confirmed move above $0.20 could trigger a relief rally.
Suggested Stop-Loss:
For Longs: Place a stop-loss at $0.19 to manage risk in case of further declines.
For Shorts: Use a stop-loss above $0.197 to protect against a sudden bullish reversal.
The $ICX market is at a critical juncture. Stay alert for the next decisive move—volatility is rising!