$ICP SHORT: A Rejection Setup Worth Watching NEXT TARGET 3.205
SHORT TRADE SETUP
Entry: 3.261–3.264
TP1: 3.205
TP2: 3.161
Next Price: 3.161
Extended Target: 3.116
SL: 3.316
The 3.261–3.264 area is the planned entry zone where sellers need to show strength. Resistance near 3.312 is an important level to defend. If selling pressure builds, 3.205 is the first downside target, followed by 3.161. A rise above 3.316 invalidates this setup; avoid chasing price below entry.
SHORT TRADE SETUP
Entry: 3.261–3.264
TP1: 3.205
TP2: 3.161
Next Price: 3.161
Extended Target: 3.116
SL: 3.316
The 3.261–3.264 area is the planned entry zone where sellers need to show strength. Resistance near 3.312 is an important level to defend. If selling pressure builds, 3.205 is the first downside target, followed by 3.161. A rise above 3.316 invalidates this setup; avoid chasing price below entry.