$ICNT

$ICNT USDT PERP SHORT SETUP (15M)

Market Context

Strong impulsive move (+30%+), price riding upper Bollinger band.

RSI(6) ≈ 72–75 → overbought zone.

Multiple rejections near 0.519–0.525 (local supply).

Momentum is stretched → high probability of mean reversion / pullback.

Short Idea (Scalp → Intraday)

Entry: 0.5180 – 0.5230

Stop Loss: 0.5420 (clean invalidation above supply)

TP1: 0.4890 (mid-BB / prior structure)

TP2: 0.4650

TP3 (extended): 0.4300 (lower BB)

Risk Notes

If price accepts above 0.525 with volume, abort shorts.

Best entries on wick rejections / bearish engulfing on 5–15m.

Use tight size; volatility is high after parabolic runs.

Bias: Short-term bearish pullback after overextension.
Type: Counter-trend short (quick profits, disciplined SL).
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