$ICP BEARISH PRESSURE BUILDING HARD
Trade $ICP Here
$ICP failed to hold the local highs and is now showing signs of weakening momentum after the recent short-lived recovery. Price is struggling near resistance while sellers continue to dominate every bounce, increasing the probability of another downside move.
The rejection near the intraday high combined with fading volume signals that bulls are losing control. If support levels start breaking, panic selling could accelerate quickly.
Position: SHORT
Entry Zone: $2.72 - $2.76
TP1: $2.66
TP2: $2.58
TP3: $2.48
TP4: $2.35
SL: $2.84
The chart is showing lower highs with weakening buying strength, while volume remains unstable during rebounds. A breakdown below the current support area could trigger a stronger bearish continuation as traders rush to secure profits and late longs begin exiting positions.