$ICP is up 23.82% in 30 days and still 17.0 points ahead of BTC over that stretch. that's a coin leading, not a coin bouncing.
volume over the last 5 days ran 1.26x the 20 days before. daily MACD histogram is positive and RSI is 61, which is warm but not cooked. i'd rather buy strength that hasn't blown off than wait for a dip that may not come.
today's -1.7% is a pullback inside that trend, and it's parked right on yesterday's low. the screener scored the setup 8 out of 14. that's decent, not a slam dunk, and I'm not going to dress it up.
$ICP trades at $3.08 right now. if it holds $3.07, i think it goes for yesterday's high at $3.286, about 6.8% up. if it loses $3.07, i'm wrong on this and there's nothing to defend. that level is only 0.2% below spot, so if you're long, you'd have no cushion once it breaks.
holding $3.07 or losing it?
follow me for more calls like this.
volume over the last 5 days ran 1.26x the 20 days before. daily MACD histogram is positive and RSI is 61, which is warm but not cooked. i'd rather buy strength that hasn't blown off than wait for a dip that may not come.
today's -1.7% is a pullback inside that trend, and it's parked right on yesterday's low. the screener scored the setup 8 out of 14. that's decent, not a slam dunk, and I'm not going to dress it up.
$ICP trades at $3.08 right now. if it holds $3.07, i think it goes for yesterday's high at $3.286, about 6.8% up. if it loses $3.07, i'm wrong on this and there's nothing to defend. that level is only 0.2% below spot, so if you're long, you'd have no cushion once it breaks.
holding $3.07 or losing it?
follow me for more calls like this.
