ICP is teetering at a crucial resistance, and the next move could lock in a fresh downtrend. Volume is draining and sellers are lining up.
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$ICP SHORT 📉 — Trade Plan
• Entry: $2.5025 – $2.5075
• Stop: $2.5802 (-3.0%)
• Target 1: $2.4674 (+1.5%)
• Target 2: $2.3797 (+5.0%)
• R/R 1:1.7 | Confidence 64%
The market structure broke on a CHoCH, confirmed by a bearish CVD spike, while a fresh FVG aligns with an order block that’s just been swept for liquidity. POI confluence shows the OB overlapping the FVG, tightening the target zone. With a 1.7 R/R and 64% confidence, the short looks primed.
A 3.0% stop is relatively tight, so stay under 5x leverage to keep margin safe.
Consider taking half profit at the first target to lock in gains.
As always: manage your risk, this is not financial advice 🙏
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