The given chart shows a strong impulsive move from the demand area near 2.85, followed by aggressive bullish expansion. Price is currently holding above the key breakout zone around 3.20, which now acts as immediate support. This structure suggests that buyers are still in control, and as long as $ICP
maintains acceptance above this level, the probability favors continuation toward the next resistance near 3.45 and potentially 3.60. Momentum-driven candles and higher lows indicate that dips are being absorbed quickly, which supports a long continuation opportunity on pullbacks toward the 3.15–3.20 area with controlled risk.
On the other hand, after such a sharp vertical move, the chart also signals short-term exhaustion. If ICP fails to hold above 3.20 and shows rejection near the 3.35–3.40 resistance band, a corrective move can unfold. In that case, a short-term short trade opportunity may appear, targeting a pullback toward 3.05 and possibly the 2.95 support zone, where previous accumulation took place. This would be a healthy retracement within the broader structure rather than a full trend reversal, unless