🔴$ICP
ICP
2.702
+1.23%
BEARISH SETUP: DOWNSIDE PRESSURE BUILDING
The $ICP chart shows signs of bearish momentum after failing to sustain above the 3.10 resistance zone. Price is consolidating near the 3.04 level, with lower highs indicating selling pressure is increasing. A break below the 3.00 support could accelerate the downside toward key demand areas. Traders should watch for a decisive breakdown before entering short positions.
Entry: Short on break below 3.00
Targets (TP):
TP1: 2.95
TP2: 2.90
TP3: 2.85
Stop Loss (SL): 3.10
Risk Management: Limit risk to 1-2% of trading capital per trade, maintain proper position sizing.