$ICP /USDT – 1H Analysis
Price is ranging between 2.40 – 2.52 after failing to trend. Multiple rejections near 2.50–2.52 and repeated bounces from 2.40 show clear range structure. EMA is flat → no strong trend. RSI is hovering around midline → neutral momentum.
This is a classic range-play market.
🔵 Range Long (Support Play)
📍 Long Entry: 2.40 – 2.42 (range support)
🛑 SL: 2.36
🎯 TP1: 2.48
🎯 TP2: 2.52
Only take if bullish reaction forms at support.
🔴 Range Short (Resistance Play)
📍 Short Entry: 2.50 – 2.52
🛑 SL: 2.56
🎯 TP1: 2.44
🎯 TP2: 2.40
🚀 Breakout Trigger
• 1H close above 2.55 → bullish expansion toward 2.65
• 1H close below 2.38 → breakdown toward 2.30
Bias: Neutral / range-bound until breakout.
Best edge = trade the extremes, not the middle (current 2.45 zone is chop).