Personal perspective for trade #ICP in the 1H timeframe today! 📉
In the last few sessions, ICP ran quite intensely, but the moment it touched the resistance zone 3,100 - 3,150, sell pressure started kicking in and the momentum was immediately capped. I think this segment has a fairly nice room for retracement, so I’m planning to place a Short for a quick scalp.
My plan: • Entry: around 3,129 • SL: 3,235 (if it goes beyond this level, I accept I’m wrong and cut the loss) • TP: 2,813 (back to the old support area) • R:R ratio ~ 2.9, quite smooth for this bounce.
What do you guys think—will ICP in this move shake down to 2.8, or will it break out above the highs right away? Everyone seems to be leaning toward which scenario—comment for me so I can reference your views! 👇
#ICP #ICPUSDT #Binance #Trading #Crypto #Futures
In the last few sessions, ICP ran quite intensely, but the moment it touched the resistance zone 3,100 - 3,150, sell pressure started kicking in and the momentum was immediately capped. I think this segment has a fairly nice room for retracement, so I’m planning to place a Short for a quick scalp.
My plan: • Entry: around 3,129 • SL: 3,235 (if it goes beyond this level, I accept I’m wrong and cut the loss) • TP: 2,813 (back to the old support area) • R:R ratio ~ 2.9, quite smooth for this bounce.
What do you guys think—will ICP in this move shake down to 2.8, or will it break out above the highs right away? Everyone seems to be leaning toward which scenario—comment for me so I can reference your views! 👇
#ICP #ICPUSDT #Binance #Trading #Crypto #Futures
