On the chart $ICP we see a classic stepwise downward movement - like descending stairs, where each step forms a small channel before the next drop! This is the pattern we use in the trading strategy.
How to trade?
Channel breakout strategy: preparing for movement in either direction when exiting the current range!
Breakout of the channel downwards - sell! Stop-loss above the upper boundary of the channel, target before the next support level.
Breakout of the channel upwards - buy! Stop below the lower boundary, place profit at the nearest resistance.
The profit/risk ratio for both strategies looks quite attractive - a classic opportunity with clear levels!
Important: Set targets with a small shortfall to the levels
Conclusion: ICP demonstrates a textbook pattern of stepwise decline that can be effectively traded! It doesn’t matter which direction the price goes - we are ready for any scenario!
Not financial advice, just technical analysis and personal experience.