ICP is ripping 12.7% higher and the long/short ratio just hit 2.72 โ the crowd is heavily long, and they're getting paid. Here's why this move has legs.
๐ The Setup:
Trading at $3.037 with $25.6M volume (1.85x average). The 4H RSI at 71.2 is hot but not screaming overbought yet. Daily MACD histogram is expanding ($0.0305) and price broke above SMA7 ($2.697) and SMA25 ($2.463) days ago โ now they're trailing support.
๐ง Why This Trade?
When the L/S ratio is this high AND price keeps making new highs, it means the longs are confident for a reason. The daily chart shows price well above SMA99 ($2.297), confirming the macro uptrend. Volume surging with price = institutional interest, not retail FOMO.
๐ Trade Plan (LONG):
โข Entry: $2.981 - $3.094 (buy the consolidation near current price)
โข Stop Loss: $2.811 (below 4H SMA7 support)
โข TP1: $3.158 | TP2: $3.280 | TP3: $3.401
ICP has been one of the quietest performers โ when volume spikes like this, it's telling you something.
โ Did you catch the ICP move or are you still watching from the sidelines? ๐
#ICP #InternetComputer #DYOR
โ ๏ธ This is not financial advice. Always manage your position size and DYOR.
๐ The Setup:
Trading at $3.037 with $25.6M volume (1.85x average). The 4H RSI at 71.2 is hot but not screaming overbought yet. Daily MACD histogram is expanding ($0.0305) and price broke above SMA7 ($2.697) and SMA25 ($2.463) days ago โ now they're trailing support.
๐ง Why This Trade?
When the L/S ratio is this high AND price keeps making new highs, it means the longs are confident for a reason. The daily chart shows price well above SMA99 ($2.297), confirming the macro uptrend. Volume surging with price = institutional interest, not retail FOMO.
๐ Trade Plan (LONG):
โข Entry: $2.981 - $3.094 (buy the consolidation near current price)
โข Stop Loss: $2.811 (below 4H SMA7 support)
โข TP1: $3.158 | TP2: $3.280 | TP3: $3.401
ICP has been one of the quietest performers โ when volume spikes like this, it's telling you something.
โ Did you catch the ICP move or are you still watching from the sidelines? ๐
#ICP #InternetComputer #DYOR
โ ๏ธ This is not financial advice. Always manage your position size and DYOR.