I almost bought $ICP today. Then I checked the volume, 0.6x average
Volume is dead at only 1.7M dollars over the last 24 hours
Size moves this book and exits are not likely here
Price sits at 2.4230 which is near the bottom of the range
Right now it is down 9.3 percent from the 7 day high
I am passing on $ICP until the tape shows real interest
I need to see an hourly close and hold above 2.5040 first
Or a clean pullback that holds 2.4090 and bounces
It could keep running without you and a bad entry costs more than a missed move
Chasing $ICP here or waiting for 2.4090
#ICP #RiskManagement
Volume is dead at only 1.7M dollars over the last 24 hours
Size moves this book and exits are not likely here
Price sits at 2.4230 which is near the bottom of the range
Right now it is down 9.3 percent from the 7 day high
I am passing on $ICP until the tape shows real interest
I need to see an hourly close and hold above 2.5040 first
Or a clean pullback that holds 2.4090 and bounces
It could keep running without you and a bad entry costs more than a missed move
Chasing $ICP here or waiting for 2.4090
#ICP #RiskManagement