$ICP #ICP 📉
Direction: SHORT
Entry zone: 2.4750 to 2.4850
Stop loss: 2.5172
Target 1: 2.4304
Target 2: 2.3932
Internet Computer is trading near 2.48 dollars, down 1.14 percent in 24 hours, inside a range of 2.41 to 2.53, and it is sitting in the middle of its range with no real momentum. My reading is that a coin drifting in the middle of its range in a fear market is a short at the top of the drift, because the recent closes crept up, 2.46, then 2.46, then 2.47, then 2.48, which is buyers spending a whole session to gain two cents while Bitcoin still struggles below 78,120. 📊 A short from the current zone, with a stop above 2.5172, targets 2.4304 first and then 2.3932 if selling continues. A recovery above 2.5172 kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does Internet Computer fall to 2.4304 first, or recover above 2.5172? 🤔
Follow for more trades.
#InternetComputer #Crypto #FuturesTrading #TradingSignals
Direction: SHORT
Entry zone: 2.4750 to 2.4850
Stop loss: 2.5172
Target 1: 2.4304
Target 2: 2.3932
Internet Computer is trading near 2.48 dollars, down 1.14 percent in 24 hours, inside a range of 2.41 to 2.53, and it is sitting in the middle of its range with no real momentum. My reading is that a coin drifting in the middle of its range in a fear market is a short at the top of the drift, because the recent closes crept up, 2.46, then 2.46, then 2.47, then 2.48, which is buyers spending a whole session to gain two cents while Bitcoin still struggles below 78,120. 📊 A short from the current zone, with a stop above 2.5172, targets 2.4304 first and then 2.3932 if selling continues. A recovery above 2.5172 kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does Internet Computer fall to 2.4304 first, or recover above 2.5172? 🤔
Follow for more trades.
#InternetComputer #Crypto #FuturesTrading #TradingSignals
