ICXUSDT trade ideas
icxusdt longBINANCE:ICXUSDT
My good friends, hello, I am Mustafa (Mr.MB), I hope you are always healthy, happy and profitable.
my dear friends
I have been following the icx currency for a long time to give me a point of entry and this price should be a pullback to the blue or green area and then the bomb.
I hope I can help you the least.
ICXUSDT breakout setup still in play?Very weak breakout followed by a move back into consolidation range so this was a no go.
But fakeouts like these can sometimes follow through on the original breakout premise with a vengeance.
So yes, I think this is still in play. But I think it's better to wait for a strong signal before entering. Specifically, I'm waiting for the current candle to close near its high with decent volume. Market might leave me behind but that's okay. There will be other opportunities to buy this if a bull run materializes (e.g. look for a buy above 0.53... etc.)
ICXUSDT (falling Wedge Breakout)#ICXUSDT Technical Analysis Update
Falling Wedge Breakout
ICX/USDT currently trading at $0.452
LONG ENTRY level: $0.450 to $0.456
STOP LOSS: below 0.428
Target 1: $ 0.4735
Target 2: $0.4980
Max leverage: 4X
ALWAYS KEEP STOP LOSS...
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✳️ICON/USDT Analysis (23/12) #ICX $ICXICX is still having difficulty breaking up at higher price levels because of its selling force is still strong.
0.35$ zone is still a reliable support zone so we could buy if ICX approaches this zone.
I think, ICX will initiate an uptrend in early January to 0.5$ and 0.65$ or even 1$ zones in early February.
📈BUY- LONG
-Buy: 0.34-0.36$.SL if B
-Buy: 0.49-0.51$ if A.SL if B
📉SELL-SHORT
-Sell: 0.64-0.66$.SL if A
-Sell: 0.95-1$.SL if A
♻️BACK-UP
-Sell: 0.34-0.36$ if B.SL if A
-Buy: 0.19-0.21$.SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
ICXUSDT is testing daily resistance 🦐$ICX.X is testing daily resistance after a nice breakout. IF the price will have a breakout According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
ICXUSDT breaking out of consolidation? Price has been trading within a range that seems to be contracting these past few weeks/months but there are indications we may be seeing a potential change in theme.
Watching out this potential breakout in progress. I'd say wait for a weekly close but a daily close would be a bullish signal too.