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Is the $ICNT dip finally over or are we just catching a falling knife?
That drop from 0.4039 was pretty sharp and definitely shook out some weak hands. We found a bit of a floor around 0.3758 and the current bounce to 0.3874 looks like it’s trying to reclaim some lost ground.
The volume isn't screaming "moon" yet at 3.05M but the order book is looking a bit more balanced now. If we can squeeze past 0.3920 and hold it as support then we might have a shot at testing the local highs again.
I'm playing this one carefully. If the 0.3850 area fails to hold as support on this retest then I'm expecting a slow bleed back down.
#TrumpAnnouncesNewTariffs