Sister An's midday market analysis:
$ICNT 1 H-level volume reduction backtest EMA20, the price is consolidating around 0.442. After the MACD golden cross on the 4-hour level, the histogram line shrinks, and the price is still in the upper zone of the Bollinger Bands, with the bullish structure unbroken. The 1-hour RSI has fallen from a high of 66, and the buying depth is significantly thicker than the selling, with clear capital support intentions.
🎯 Direction: Long
⚡ Entry/Order: 0.419 - 0.430 range to be ambushed in batches
🛑 Stop Loss: 0.410
🚀 Target 1: 0.507
🚀 Target 2: 0.545
- Execution Strategy: After the price reaches the first target, reduce the position by half, and move the stop loss of the remaining position to the entry price. If the price fails to stabilize above 0.435 and falls back below the entry range, then exit actively.
The position size remains stable, and after a significant rise yesterday, there has been no panic selling, which is a characteristic of strong consolidation. Sell orders at the 1-hour level begin to thicken above 0.444, forming short-term pressure, but the buy orders in the range of 0.440 to 0.435 are denser. The current risk-reward ratio exceeds 4, making this position worth taking a limited risk to bet on the continuation of the trend.
Personal views are for reference only, trading involves risks, and investment should be cautious!
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