$ICP SHORT: Sellers Have a Chance to Push Price Lower.
I'm watching $ICP for a short opportunity as the 1H chart continues to show signs of weakness. The key level is $2.3073, which is acting as resistance. As long as buyers fail to break above this area, sellers may have room to push the price lower.
The planned entry zone is $2.2107–$2.2240. My first target is $2.1073, followed by $2.0175, with a final target at $1.9209. The stop loss is set at $2.3073 to keep the risk under control.
RSI is currently at 44, showing that bullish momentum remains limited. The funding rate is +0.001%, which adds another detail to watch while the market decides its next direction.
The main thing I'm watching is whether sellers can maintain pressure around the entry zone. If resistance holds, the downside targets remain in focus. However, a strong breakout above $2.3073 would invalidate this short idea.
$ICP SHORT TRADE SETUP
Entry: $2.2107 – $2.2240
TP1: $2.1073
TP2: $2.0175
Final TP: $1.9209
SL: $2.3073
Timeframe: 1H
RSI: 44
Funding Rate: +0.001%
Always use a stop loss and manage your risk. Let price confirm the setup before entering.
#CryptoSelloffTriggersMultipleWhaleLiquidations #WillFOMCMinutesReinforceRateHikeExpectations? #KavaSaysAbnormalActivityLimitedToKavaLend #WORPTLetsTouristsConvertCryptoToThaiBaht #WhoWillSucceedJensenHuangatNvidia?
I'm watching $ICP for a short opportunity as the 1H chart continues to show signs of weakness. The key level is $2.3073, which is acting as resistance. As long as buyers fail to break above this area, sellers may have room to push the price lower.
The planned entry zone is $2.2107–$2.2240. My first target is $2.1073, followed by $2.0175, with a final target at $1.9209. The stop loss is set at $2.3073 to keep the risk under control.
RSI is currently at 44, showing that bullish momentum remains limited. The funding rate is +0.001%, which adds another detail to watch while the market decides its next direction.
The main thing I'm watching is whether sellers can maintain pressure around the entry zone. If resistance holds, the downside targets remain in focus. However, a strong breakout above $2.3073 would invalidate this short idea.
$ICP SHORT TRADE SETUP
Entry: $2.2107 – $2.2240
TP1: $2.1073
TP2: $2.0175
Final TP: $1.9209
SL: $2.3073
Timeframe: 1H
RSI: 44
Funding Rate: +0.001%
Always use a stop loss and manage your risk. Let price confirm the setup before entering.
#CryptoSelloffTriggersMultipleWhaleLiquidations #WillFOMCMinutesReinforceRateHikeExpectations? #KavaSaysAbnormalActivityLimitedToKavaLend #WORPTLetsTouristsConvertCryptoToThaiBaht #WhoWillSucceedJensenHuangatNvidia?
