🚀 ICP Bullish Focus 🚀
Trading Plan:
Bias: Bullish
Entry: 2.95 - 3.10
Stop Loss: 2.85
Take Profit 1 - Take Profit 3: 3.54 / 4.10 / 5.00
Technical Analysis:
On the daily chart, the ICP price is testing a key potential support area (around 3.00) after a significant pullback. The price is currently touching the lower Bollinger Band, which often indicates oversold conditions and potential price rebound opportunities, with the target being a return to the middle band. Additionally, the Relative Strength Index (RSI) has entered the oversold region (below 30), suggesting that selling momentum may be waning. A bullish confirmation signal would be the price successfully stabilizing at this support level and showing a rebound trend.
Failure Conditions:
This bullish setup will only be invalidated if the daily closing price falls below 2.85.
