$ICP 2.4x volume on the dip: sellers are losing control as bulls defend the trend
My 1H bias remains bullish, with 1H, daily, and weekly structure aligned to the upside. I read the volume expansion as participation within the existing trend rather than a signal to hunt shorts.
The main risk is BTC. With BTC still bearish, ICP is moving against the benchmark, so I want confirmation before increasing exposure.
Price appears to have grabbed liquidity around 3.06–3.07 and held above the previous swing edge at 3.010. Buyer-leaning taker flow and rising hourly participation support the continuation setup.
Key levels:
Entry Zone: 2.970–3.000 Liquidity Sweep: 2.970 / 2.857 TP1: 3.200 TP2: 3.250 TP3: 3.400–3.437 Bearish Invalidation: Close below 2.876
My preferred setup is a pullback into the 2.970–3.000 imbalance, followed by a sweep-and-reclaim. I want to see a 15M bullish engulfing candle or a clear lower-timeframe market-structure shift before entering.
If buyers reclaim 3.200 and hold it, the next liquidity targets are 3.250 and potentially 3.400–3.437.
No chasing. No FOMO. Let the pullback confirm the setup.
Flow: OI $29.5M (-1.7% 24H) | Funding +0.0100% | Taker Flow 1.09x
#ICP #CryptoTrading #Altcoins #BinanceSquare #Crypto $ICP
My 1H bias remains bullish, with 1H, daily, and weekly structure aligned to the upside. I read the volume expansion as participation within the existing trend rather than a signal to hunt shorts.
The main risk is BTC. With BTC still bearish, ICP is moving against the benchmark, so I want confirmation before increasing exposure.
Price appears to have grabbed liquidity around 3.06–3.07 and held above the previous swing edge at 3.010. Buyer-leaning taker flow and rising hourly participation support the continuation setup.
Key levels:
Entry Zone: 2.970–3.000 Liquidity Sweep: 2.970 / 2.857 TP1: 3.200 TP2: 3.250 TP3: 3.400–3.437 Bearish Invalidation: Close below 2.876
My preferred setup is a pullback into the 2.970–3.000 imbalance, followed by a sweep-and-reclaim. I want to see a 15M bullish engulfing candle or a clear lower-timeframe market-structure shift before entering.
If buyers reclaim 3.200 and hold it, the next liquidity targets are 3.250 and potentially 3.400–3.437.
No chasing. No FOMO. Let the pullback confirm the setup.
Flow: OI $29.5M (-1.7% 24H) | Funding +0.0100% | Taker Flow 1.09x
#ICP #CryptoTrading #Altcoins #BinanceSquare #Crypto $ICP