🔥 $ICP Trading Strategy (4h) - Accumulation Signs Are Very Clear
📈 Entry Point: 3.030 - 3.080
Stop Loss: 2.910
TP 1: 3.450 (Retest the previous high)
TP 2: 3.800 (Expect the next upward wave if it breaks the 3.490 high)
🎯 Trading Strategy: "Getting on Board with the Whales"
🧐 Reversal Structure: After bottoming out at 2.747, ICP established a strong rebound wave that surpassed the most recent previous high. However, the surge to 3.490 was crushed by the bears, creating a classic long upper wick
The current price around 3,079 is right above the 17-day EMA (3,019) and the 55-day EMA (3,060)
A Golden Cross is gradually forming between these two EMAs, indicating that the medium-term trend is shifting from bearish to bullish
Candlestick Action (Price Action): After the drop from the peak of 3,490, the price did not fall sharply but is consolidating sideways above the 55-day EMA. The most recent 4-hour candles are creating higher lows, showing that the bulls are attempting to build a base around 3,000 #PriceActionAnalysis $ICP