🔥 $ICNT Looking Bullish, But Let's Not Chase Blindly
Price just smashed through a few key resistance levels on the 4H chart, and the volume is backing it up—saw a huge spike to ~76M USDT on that 0.4939 candle. Feels like real accumulation from big players.
Money flow tells the same story: strong spot inflows (~397k USST in the last 24h) while futures outflows are tiny (~-18k). That's classic spot buying pressure, not just leveraged FOMO.
*My plan $ICNT right now: Cautious long, but I'm not jumping in at current levels.
- Entry: Wait for a healthy pullback to the 0.4650–0.4750 zone (where the MA5 and Bollinger midline line up nicely).
- Stop Loss:bAround 0.4450 USDT
- Target: First take-profit at R2 resistance ~0.5475 USDT
RSI and KDJ are screaming $ICNT overbought, so chasing here could get painful. Better to let it breathe a bit. If it clears R1 (~0.5183) clean, though? We could see some real fireworks toward higher levels.
#icnt #icntusdt #impossiblecloudnetwork