$ICP 📈 LONG Setup (Buy): Entry: Buy when price reclaims and confirms above the EMA at $2.895 Stop Loss (SL): $2.572 Take Profit targets: TP1: $2.834 (cost price zone) TP2: $3.113
📉 SHORT Setup (Sell): Entry: Sell in the $2.62–2.66 zone (current price / resistance rejection area) Stop Loss (SL): $2.70 Take Profit targets: TP1: $2.338 TP2: $2.274
⚠️ Not financial advice | Do your own research. $ICP
If price goes below $2.572 (24-hour low) → Bearish continuation is likely. Targets: $2.321 then $2.256.
If price goes above $2.920 (EMA reclaim) → This would be a trend reversal signal. Target: $3.107+.
Right now the downtrend is clearly dominant. Bias remains bearish until the price reclaims and confirms above the EMA. Be cautious with long positions at current levels. $ICP
📈 LONG Setup (Buy): Entry: Buy when price reclaims and confirms above the EMA at $2.920 Stop Loss (SL): $2.572 (below the 24-hour low)
Take Profit targets: TP1: $3.107 TP2: $3.390 📉 SHORT Setup (Sell): Entry: Sell in the $2.60–2.65 zone (current price area, after EMA rejection) Stop Loss (SL): $2.70
Take Profit targets: TP1: $2.321 TP2: $2.256. $ICP
It has been in a sharp downtrend since its all-time high of $3.609. The price has broken below the EMA(20) at $2.920, confirming a clear bearish structure.
RSI(14): 35.458 — This is in the weak/bearish zone. It’s near oversold levels but not fully confirmed yet.
Consistent lower highs and lower lows since the peak — the downtrend is still intact. $ICP