Yello, Paradisers! Have you been watching #ICXUSDT closely? You might want to because it is reaching a crucial moment:
💎#ICON is currently compressed between the falling wedge's trend lines, and we're expecting a bullish breakout soon. Why? Because of increasing volume and improving macro market sentiment.
💎The 50EMA is about to cross, and the POC of the VRVP is also reinforcing this bullish bias by acting as support in the major support zone.
💎But what if #ICX gets rejected by the upper trend line of the falling wedge? We might see a retest of the bullish order block (OB) at $0.1404. This area has consistently provided strong support for #ICXUSDT, packed with liquidity.
💎However, should IICX fail to rebound from $0.1404, the next critical level to watch is the lower support at $0.1203. The probability of a rebound from this level is significantly higher.
💎If #ICON continues to fall, the bears will take control, potentially leading to a bearish continuation.
Stay disciplined, Paradisers, and watch those key levels for profitable trading!