$ICNT U.S. stocks are closed for the weekend, and meme coins are running wild.
Funding rates have turned negative, and most people are shorting. The hourly chart is still holding strong. The more people short, the more excited the market maker gets. The low market cap makes it easier for the market maker to push the price up. In the short term, the overall trend looks bullish.
So why is Chai bullish?
1. After accumulating for a month while the price moved sideways near the bottom, the market maker won’t let short sellers take profits so quickly now that the hype has finally picked up in the short term. Plus, the low market cap of $ICNT gives it strong breakout potential.
2. A market cap of 5000w makes it much easier for the market maker to push the price up. And with the current price at 0.208, the market maker hasn’t chosen to take profits. As retail short positions come in, a breakout from the current price could be just around the corner.
At the current price of 0.2081, you can enter a long position. First target: 0.23. Second target: 0.26. Stop loss: 0.17. The public feed can be delayed, so prioritize the messages. Follow the Chai Army and earn your first pot of gold in life 👇👇
#ICNTToken #ICNT行情 #q
Funding rates have turned negative, and most people are shorting. The hourly chart is still holding strong. The more people short, the more excited the market maker gets. The low market cap makes it easier for the market maker to push the price up. In the short term, the overall trend looks bullish.
So why is Chai bullish?
1. After accumulating for a month while the price moved sideways near the bottom, the market maker won’t let short sellers take profits so quickly now that the hype has finally picked up in the short term. Plus, the low market cap of $ICNT gives it strong breakout potential.
2. A market cap of 5000w makes it much easier for the market maker to push the price up. And with the current price at 0.208, the market maker hasn’t chosen to take profits. As retail short positions come in, a breakout from the current price could be just around the corner.
At the current price of 0.2081, you can enter a long position. First target: 0.23. Second target: 0.26. Stop loss: 0.17. The public feed can be delayed, so prioritize the messages. Follow the Chai Army and earn your first pot of gold in life 👇👇
#ICNTToken #ICNT行情 #q