$ICP 24-hour low, current price 2.392, previous low 2.4.
After a new low, there are generally three possible moves:
① Rebound to the previous low, then fall again: weakness continues
② Move sideways near the previous low: consolidation, waiting for direction
③ Quickly reclaim the previous low and hold above it: bear trap
Currently below the previous low; watch whether it’s scenario ① or ②.
#ICP
After a new low, there are generally three possible moves:
① Rebound to the previous low, then fall again: weakness continues
② Move sideways near the previous low: consolidation, waiting for direction
③ Quickly reclaim the previous low and hold above it: bear trap
Currently below the previous low; watch whether it’s scenario ① or ②.
#ICP