#ICP — Downtrend Intact, Weak Rebound After Breakdown (Bearish Bias)
ICP remains under clear downside pressure, respecting a descending structure with consistent lower highs and lower lows. The recent bounce from the 3.03 low looks reactive rather than structural, failing to reclaim key resistance zones. Until price regains control above prior supply, this move is best viewed as a dead-cat bounce within a broader bearish trend.
Trade : Short
Entry Zone: 3.20 – 3.32
Targets:
TP1: 3.05
TP2: 2.85
TP3: 2.60
Stop Loss: 3.48
Bearish continuation remains valid while price stays below the 3.35–3.45 resistance band. Only a strong reclaim and acceptance above this zone would invalidate the bearish structure and signal a potential trend shift.
ICPUSDT
Perp
3.199
-0.62%
