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Leo524
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$ICP Holding Major HTF Demand While Compression Continues 👀
ICP continues stabilizing inside the major 2.49–2.54 HTF discount zone after weeks of aggressive downside pressure. Price is no longer expanding lower aggressively, while repeated reactions from demand suggest buyers are slowly absorbing liquidity near current levels. The overall structure now looks more like accumulation than clean bearish continuation.
The chart also shows ICP compressing beneath descending HTF resistance while building a higher low base inside demand. If buyers reclaim structure properly above current resistance, the next liquidity zones sit around 2.77, 3.01, and potentially 3.26 over time. Momentum is still early, but downside pressure has clearly weakened compared to previous selloffs.
For now, patience still matters. The safer long setup comes after another liquidity sweep into discount followed by bullish reclaim and stronger displacement confirmation from support.
Analysis by Leo524.
#ICP #ICPUSDT #Crypto #Bitcoin #Altcoins #Trading #Leo524
$ICP
{future}(ICPUSDT)
ICP continues stabilizing inside the major 2.49–2.54 HTF discount zone after weeks of aggressive downside pressure. Price is no longer expanding lower aggressively, while repeated reactions from demand suggest buyers are slowly absorbing liquidity near current levels. The overall structure now looks more like accumulation than clean bearish continuation.
The chart also shows ICP compressing beneath descending HTF resistance while building a higher low base inside demand. If buyers reclaim structure properly above current resistance, the next liquidity zones sit around 2.77, 3.01, and potentially 3.26 over time. Momentum is still early, but downside pressure has clearly weakened compared to previous selloffs.
For now, patience still matters. The safer long setup comes after another liquidity sweep into discount followed by bullish reclaim and stronger displacement confirmation from support.
Analysis by Leo524.
#ICP #ICPUSDT #Crypto #Bitcoin #Altcoins #Trading #Leo524
$ICP
{future}(ICPUSDT)