$ICX /USDT BEARISH BREAKDOWN IMMINENT! šØš
Current Price: $0.1646
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š TECHNICAL ANALYSIS
The price of $ICX is showing signs of bearish momentum after failing to sustain above resistance levels and currently trading below key moving averages.
MA(7): 0.1639 ā
MA(25): 0.1670 ā
MA(99): 0.1708 ā
š Price is trading below all major moving averages, indicating increasing downward pressure.
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š KEY LEVELS
Resistance:
š¼ $0.1670 (short-term)
š¼ $0.1708 (major resistance - MA99)
Support:
š½ $0.1628 (near-term support)
š½ $0.1600 (strong psychological support)
š½ $0.1570 (next major level if breakdown continues)
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š„ TRADE SETUP ā SHORT ENTRY
Entry: $0.1640 - $0.1655 (after a weak bounce or candle confirmation below resistance)
Stop Loss (SL): $0.1685 (above MA25 and recent high zone)
Take Profit (TP):
šÆ TP1: $
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