๐ป Sell setup (Short) on ICX at a key resistance level โ Trade is active
๐ Entry price: 0.0231
๐ฏ Target: 0.0230
โ ๏ธ Stop loss: 0.0234
The RSI indicator shows a neutral reading, while the price is moving close to the EMA averages on the 15-minute timeframeโan indication of hesitation that often ends with a strong move in one direction.
The trend on the larger timeframes provides a bearish edge estimated at about 60%, and this level has seen sellers enter twice during todayโs trading.
The stop loss is close, and the risk is clearly defined, while the first target is only about 0.1% away.
Will you add to your short positions now, or do you prefer to wait for a better entry point?
Not investment advice. Always make sure to manage risk.
#ICX #ShortSetup #Bearish #Crypto #ICXUSDT
๐ Entry price: 0.0231
๐ฏ Target: 0.0230
โ ๏ธ Stop loss: 0.0234
The RSI indicator shows a neutral reading, while the price is moving close to the EMA averages on the 15-minute timeframeโan indication of hesitation that often ends with a strong move in one direction.
The trend on the larger timeframes provides a bearish edge estimated at about 60%, and this level has seen sellers enter twice during todayโs trading.
The stop loss is close, and the risk is clearly defined, while the first target is only about 0.1% away.
Will you add to your short positions now, or do you prefer to wait for a better entry point?
Not investment advice. Always make sure to manage risk.
#ICX #ShortSetup #Bearish #Crypto #ICXUSDT