【ICP｜Emotional Fluctuations: Up 13.5% in 24h, Trading Volume Expands, High Market Attention】
Currently at $3.42. For a direct long setup in the next 4h: MA7 $3.33 / MA25 $3.20.
Resistance: R1 $3.48, R2 $3.61; Support: S1 $3.24, S2 $2.74.
Up 13.5% in 24h with expanded volume and high market attention— the comment section is already in uproar. Over the last ~60 4h candles it’s gone +23.1%. When it’s already run this much, people are actually afraid to chase; even if you’re itching to buy, you still have to wait.
Cut the position in this kind of emotion-driven range straight in half and play it. If it holds above R1 $3.48, take a small bite to look toward R2 $3.61; if it falls below S1 $3.24, check whether anyone steps in on the S2 $2.74 side. Don’t get carried away.
If it holds above R1—are you chasing or not? I personally only dare to try with a small bite.
$ICP #ICP #Binance Square
Currently at $3.42. For a direct long setup in the next 4h: MA7 $3.33 / MA25 $3.20.
Resistance: R1 $3.48, R2 $3.61; Support: S1 $3.24, S2 $2.74.
Up 13.5% in 24h with expanded volume and high market attention— the comment section is already in uproar. Over the last ~60 4h candles it’s gone +23.1%. When it’s already run this much, people are actually afraid to chase; even if you’re itching to buy, you still have to wait.
Cut the position in this kind of emotion-driven range straight in half and play it. If it holds above R1 $3.48, take a small bite to look toward R2 $3.61; if it falls below S1 $3.24, check whether anyone steps in on the S2 $2.74 side. Don’t get carried away.
If it holds above R1—are you chasing or not? I personally only dare to try with a small bite.
$ICP #ICP #Binance Square