alexngo1408

ICON retested succesfully on daily chart, good R/R ratio entry

Long
BINANCE:ICXBTC   ICON / Bitcoin
Shortterm trade due to this good bounce:
Action on shorterm:

Entry: 1270s
Target 1: 1760s (resistance on weekly TD sequencial)
Target 2: 1980s (abit lower than lowest point of March monthly candle)
R multiple: 2.5s + (100 USD betting get 250+ USD)

Longterm trade: Starting to accumulate ICX in longterm (for the next bull run in 2 - 3 year), some catalyst
- The projects deliver good partnership and stand as prominent public blockchain choice in Korea
- ICON announces the plan to buy back 5mil USD giving their optimistic view on their own project
- Price is in the All-time-low range before ICX exploded last year, down 90% from ATH
- Selling pressure runs out on longterm chart (3D or Weekly chart), price temporarily formed bottom, but could keep going down due to aggressive shorterm trader selling pressure, not longterm holder selling pressure

Action on longterm: Accumulating for 1 year price range from 1200 - 300s, target a bit lower than ATH 6000 - 7000s, no stop loss until all the dev team of the project gone

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