#ICX ICON (ICX) is a decentralized network formed by various independent social organizations connected through blockchain. In the world of ICON, any participant can create a new blockchain project, and this new project will connect with other projects to create another new world.
ICON is an organism and also a huge ecosystem. Currently, the ICON network has connected various social organizations such as banks, securities companies, insurance companies, hospitals, universities, and e-commerce in South Korea. Thus, distributed application (Dapp) services such as blockchain ID, payments, and transactions can also be used across fields. For example, a blockchain ID issued by a securities company through ICON can be used in other fields for secure digital signatures; the digital currency page issued by a hospital can be used for payment exchanges.
ICX Beware of Bull Market Traps! 📉
After a significant surge, ICX is rapidly cooling down, and the market may experience severe sell-offs. After each rally, the risk of bull market traps increases—what seems like a breakout may actually reverse. Currently, the price is forming lower highs, momentum is weakening, and rebounds are lacking strength, making the risk of chasing the price extremely high!
Large funds often induce buying at high levels before crashing the price, leading to intense short-term volatility. Even if ICX looks promising in the long run, caution is needed at this moment:
- Beware of false breakouts; do not act impulsively before confirming signals
- Pay attention to trading volume; a rise without support is not trustworthy
- Protect your principal; it's better to miss out than to get trapped
During the market cooling phase, traps abound, stay calm, and wait for real opportunities! 🔥
