✅ Entry Zones:
First Entry: In the current zone (3.00$ - 3.05$) where the moving average of 99 is a strong support.
Second Entry (Reinforcement): In case of greater volatility, the area of 2.88$ is considered an ideal buying zone.
🚀 Achieved Targets:
First Target: 3.25$ (a nearby resistance area and partial profit taking).
Second Target: 3.45$ (testing the previous peak).
Third Target: 3.70$ (in case of breaking the peak and continuing positive momentum).
🛡️ Risk Management:
Stop Loss: Closing a 4-hour candle below the levels of 2.85$. Breaking this level cancels the current positive outlook.
Advice: Do not enter more than 5% to 10% of your portfolio into a single trade, and always adhere to the stop loss to protect your capital. $ICP
📝 Technical Note:
We are currently waiting for a "confirmation of the rebound"; that is, the appearance of a green reversal candle from the current support areas. Indicators suggest that selling is starting to weaken, and the ball is now in the buyers' court.
⚠️ Warning: This analysis is for educational purposes only and is not investment advice. The crypto market is high risk, so be cautious.
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