$ICX ICON Price Analysis and Best Trading Strategy 🔐👇
Timeframe: 1H & 1D |
Current Price: $0.0970
Chart Breakdown:📊
$ICX has shown strength with a clear bullish structure on both the 1-hour and daily timeframes. A Break of Structure (BOS) confirmed the upside momentum as price pushed above key resistance at $0.0937. It is now trading within a minor consolidation phase after testing the upper resistance at $0.1008.
Daily Candle: 📊
👉Strong bullish move with multiple green candles forming a solid recovery from the $0.075 support.
EMA Confluence: $ICX Price is currently above the green EMA and nearing the blue 200EMA ($0.1008), which may act as short-term resistance.
Stochastic RSI: Overbought zone on the daily (97.55/93.83), showing momentum is strong but cooling off.
1H Chart: Recent retracement after strong breakout. Currently retesting the $0.0962 level.
Trade Strategy (LONG BIAS):🔥
Entry Zone: $0.0950 – $0.0960✅
Target 1: $0.1008🎯
Target 2: $0.1065🎯
Stoploss: $0.0935☣️
Risk-Reward: 1:2.5 approx.
Trade Duration: 6–18 Hours⌛
Key Technical Notes:🔰📉
If price consolidates above $0.0962, expect breakout continuation.
Bears can enter only below $0.0935 (invalidates bullish structure).
Pro Tip:🧑🏫
Volume confirmation and a successful retest of $0.0960–$0.0970 zone will strengthen the probability of a breakout above $0.1008.
👨❤️👨"Success in trading is not about predicting the market; it's about managing your position when the market moves."
Disclaimer: ⚠️
This analysis is for educational purposes only. Please do your own research before investing or trading.
