I am passing on $ICP today at 2.6240 because the volume tells the real story
Volume is sitting at 0.8x the seven day average right now meaning this push higher lacks actual conviction
Price is trading at 89 percent of the daily range after hitting a 24h high of 2.6330 and sitting 12.3 percent below the 7 day high of 2.9910
I need to see an hourly close and hold above 2.6330 or a clean pullback that holds 2.5540 and bounces before I touch this chart
It could keep running without me and a bad entry costs more than a missed move
Chasing $ICP here or waiting for 2.5540
#ICP #RiskManagement
Volume is sitting at 0.8x the seven day average right now meaning this push higher lacks actual conviction
Price is trading at 89 percent of the daily range after hitting a 24h high of 2.6330 and sitting 12.3 percent below the 7 day high of 2.9910
I need to see an hourly close and hold above 2.6330 or a clean pullback that holds 2.5540 and bounces before I touch this chart
It could keep running without me and a bad entry costs more than a missed move
Chasing $ICP here or waiting for 2.5540
#ICP #RiskManagement