📉 $ICX /USDT – BEARISH BREAKDOWN IMMINENT 🚨
$ICX is showing signs of continued weakness as price struggles below key moving averages and breaks down toward lower support zones.
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🔍 TECHNICAL ANALYSIS
📌 Current Price: $0.1317
📉 Trend: Bearish
💡 Indicators:
MA(7): 0.1316 (Just under current price – weak short-term support)
MA(25): 0.1345
MA(99): 0.1385 (Heavy resistance above)
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🧱 KEY LEVELS
📉 Resistance:
$0.1345 – Short-term resistance (MA25)
$0.1385 – Strong resistance (MA99 / psychological level)
📈 Support:
$0.1300 – Immediate support (weak)
$0.1250 – Key downside target/support
$0.1180 – Major support zone
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💥 TRADE SETUP – SHORT ENTRY
🔽 Entry: $0.1310 – $0.1325 (on weak retest)
🎯 Targets (TP):
TP1: $0.1280
TP2: $0.1250
TP3: $0.1180
🛑 Stop Loss (SL): $0.1355 (above 25MA & last structure)
⏳ Risk-Reward Ratio: ~1:2.5 – Favorable for short sellers!
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⚠️ RISK MANAGEMENT
Use 2% or less of your trading capital on this setup. Always respect your SL and adjust position size accordingly. Trade with discipline. 📊💼
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🚨 SUMMARY: Momentum is fading and indicators align with bearish continuation. Watch for breakdown confirmation below $0.1300 and react accordingly.
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