Rejection From Local High → Higher Timeframe Support Retest

Setup (LONG)

Pair: $ICP

ICPUSDT

Διην.

2.469

+1.27%

/ USDT

Timeframe: 4H

Current Price: 3.15

Market Structure:

After a strong push toward 3.56, price faced rejection and entered a corrective phase. It is now holding above the higher-timeframe MA (99) around the 3.05–3.10 support zone, where selling pressure has started to weaken, suggesting a potential base.

Entry Zone: 3.05 – 3.20

Bias:

Bullish above 3.30 (4H close confirmation)

Targets:

🎯 TP1: 3.35

🎯 TP2: 3.55

🎯 TP3: 3.80

Stop-Loss: 2.95

Note:

As long as price holds above 3.05, the structure remains constructive. A strong reclaim and sustained hold above 3.30 can confirm bullish continuation toward the previous highs.

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