📉 $ICX /USDT – BEARISH CONTINUATION AS SUPPORT WEAKENS ⚠️🔥
$ICX is showing clear signs of downtrend continuation, with price slipping below all key moving averages and testing fragile support zones. The setup favors short sellers, as bulls fail to reclaim key resistance levels.
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🔍 TECHNICAL ANALYSIS
📌 Current Price: $0.1317
📉 Trend: Bearish
💡 Indicators:
MA(7): $0.1316 (being tested)
MA(25): $0.1345 (short-term resistance)
MA(99): $0.1385 (long-term trend resistance)
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🧱 KEY LEVELS
📉 Resistance:
$0.1345 – 25MA & short-term rejection zone
$0.1385 – Heavy resistance (MA99)
$0.1443 – 24h high & key pivot
📈 Support:
$0.1305 – Immediate support (24h low)
$0.1300 – Psychological & structural level
$0.1250 – Next key downside target
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💥 TRADE SETUP – SHORT ENTRY
🔽 Entry: $0.1320 – $0.1330 (on minor bounce/retest)
🎯 Targets (TP):
TP1: $0.1300
TP2: $0.1270
TP3: $0.1250
🛑 Stop Loss (SL): $0.1355 (above MA25 & previous rejection)
⚖️ Risk-Reward Ratio: ~1:2.3 – Strong short setup
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⚠️ RISK MANAGEMENT
📊 Risk only 1–2% of capital. Maintain disciplined SL execution and avoid overleveraging in choppy zones. Let the trend work in your favor. 🧠🔐
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📉 SUMMARY: ICX remains under bearish control, struggling to break through resistance while hovering near critical support. A confirmed break below $0.1300 could trigger more downside. Stay alert and trade the momentum! 💣🕳️
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