🚀$ICX /USDT) Price Action Update – Bullish Breakout in Play? 📈
📊 Current Price: 0.1279
🟢 24H Change: +12.89%
⏰ Timeframe: 1H & 4H
📈 Trade Bias: Short-Term Bullish
🔍 Chart Observations:
1H Chart: Strong bullish candle closing above all key MAs (50, 20 EMA). Golden crossover formed 💥.
RSI (71.85): Entering overbought zone, but still showing strength.
MACD: Strong bullish histogram expansion with both signal & MACD lines widening upward gap.
🕓 4H Chart:
$ICX Price has broken out of recent resistance range (0.1200–0.1250).
Next major resistance sits near 0.1300–0.1340 zone.
MAs are flattening, suggesting fresh trend could be developing.
🎯 Strategy:
Breakout & Retest Strategy
If ICX closes a 1H candle above 0.1285, look for retest entries around 0.1255–0.1265
🟢 Targets: 0.1325 / 0.1350 / 0.1390
🔴 Stop-loss: Below 0.1210 (confluence zone of EMA-20 on 1H)
💬 Sentiment: ICON is seeing renewed bullish momentum across low timeframes. If BTC remains stable, $ICX may push for a clean breakout above its swing high.
📌 Reminder: Wait for volume confirmation and RSI divergence to avoid late entries. Risk-to-reward should be maintained above 1:2 for best results.
📚 “Don’t trade based on FOMO. Trade based on confirmation.”
📉 Disclaimer: This is not financial advice. DYOR before investing or trading.
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