ICP Looks Ready to Slide Back Toward the Bottom 🔥
The bounce never really stuck and CryptoTony is calling for another push toward the lows. Right now the chart is still quiet, but the structure is not bullish.
🗣 What CryptoTony said
"A move to the lows is coming. No real follow through or market structure break."
🔥 Why I am watching
- Every push higher since the August low has been sold.
- The latest high near 3.60 got rejected hard and price is back near 2.58.
- No market structure break means the downtrend is still in control.
🚀 Breakout trigger
- I want a clean daily close under the recent low.
- Without that close the move can still stall and chop.
- Volume expansion on the break would make the case stronger.
🎯 My trade idea
- Bias: Short after confirmation.
- Entry zone: Approx. 2.47-2.51 on a retest of the break.
- TP1: ~2.20
- TP2: ~2.08 (near the drawn support)
- Invalidation: Daily close back above 2.72
- Exit plan: Take partial at TP1, trail the rest.
- Est. odds of TP1 before stop after confirmed entry: ~55-65% (my read only)
👀 The part that matters
If the breakdown fails immediately I do not chase. No confirmation, no trade.
Are you expecting the flush to the lows or a sudden bounce? 👇
Share the confirmation signal you trust most right now.
Not investment advice - research on your own! 🚀
$ICP
The bounce never really stuck and CryptoTony is calling for another push toward the lows. Right now the chart is still quiet, but the structure is not bullish.
🗣 What CryptoTony said
"A move to the lows is coming. No real follow through or market structure break."
🔥 Why I am watching
- Every push higher since the August low has been sold.
- The latest high near 3.60 got rejected hard and price is back near 2.58.
- No market structure break means the downtrend is still in control.
🚀 Breakout trigger
- I want a clean daily close under the recent low.
- Without that close the move can still stall and chop.
- Volume expansion on the break would make the case stronger.
🎯 My trade idea
- Bias: Short after confirmation.
- Entry zone: Approx. 2.47-2.51 on a retest of the break.
- TP1: ~2.20
- TP2: ~2.08 (near the drawn support)
- Invalidation: Daily close back above 2.72
- Exit plan: Take partial at TP1, trail the rest.
- Est. odds of TP1 before stop after confirmed entry: ~55-65% (my read only)
👀 The part that matters
If the breakdown fails immediately I do not chase. No confirmation, no trade.
Are you expecting the flush to the lows or a sudden bounce? 👇
Share the confirmation signal you trust most right now.
Not investment advice - research on your own! 🚀
$ICP
