Sister An Xin's Evening Market Analysis:
$ICNT 1H level rose after a pullback, and the price has fallen back to around 0.434. The 4-hour Bollinger Bands are opening upwards, and the price is above the upper band, but the 1-hour MACD histogram is starting to contract, indicating a slowdown in short-term momentum. Market data shows that there are thick buy orders in the range of 0.433 to 0.434, fully exposing the intention to support the price. Negative funding rates combined with stable positions indicate that short positions are facing squeeze risks.
🎯 Direction: Long
⚡ Entry/Orders: Gradually enter in the range of 0.433 - 0.435
🛑 Stop Loss: 0.392
🚀 Target 1: 0.461
🚀 Target 2: 0.489
- Execution Strategy: Reduce half of the position when the price reaches 0.461, and move the stop loss of the remaining position to the entry price. If the price cannot hold above 0.435 and drops again, consider exiting early.
The position has remained stable after the price rise, indicating that it is not merely long positions taking profits. The 1-hour RSI has fallen from the overbought area to around 75, providing a healthy retracement space. Sell orders have started to accumulate above 0.435, but the buying depth in the 0.433 area far exceeds the sell orders, forming a clear support cushion. Under this structure, the risk of chasing highs is indeed greater than the reward, but the risk-reward ratio of actively pulling back to the support range is very attractive.
Check real-time market 👇 $ICNT
Personal views are for reference only, trading involves risks, and investment requires caution!
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