$ICP
LONG
1.t-p $4–4,50
1.t-p - $5,50–6+
During the current correction, the market has been substantially cleared of excessive leveraged positions. Open interest (OI) has declined, and some long positions have been liquidated.
At the same time, the price action shows signs of positions being built by large investors, while a reversal structure is gradually taking shape on the chart. I expect this to lead to a continued price recovery.
From a risk/reward perspective, the trade looks attractive: the upside potential is significantly greater than the distance to the stop-loss.
LONG
1.t-p $4–4,50
1.t-p - $5,50–6+
During the current correction, the market has been substantially cleared of excessive leveraged positions. Open interest (OI) has declined, and some long positions have been liquidated.
At the same time, the price action shows signs of positions being built by large investors, while a reversal structure is gradually taking shape on the chart. I expect this to lead to a continued price recovery.
From a risk/reward perspective, the trade looks attractive: the upside potential is significantly greater than the distance to the stop-loss.