$ICP — Short-Term Recovery Watch 📊
$ICP has cooled after a strong impulsive move 🚀 and is currently trading within a descending channel 📉. This appears to be a healthy correction rather than a breakdown. Price is holding a key demand zone around 3.10–3.15 🟢, where buyers previously stepped in. As long as this support holds, the structure favors recovery over panic selling.
The RSI has reset from overbought levels and is moving toward neutral ⚖️ — often a signal that the next move is being prepared.
Trading Perspective:
Patience is key ⏳.
Holding above 3.10–3.15 could lead to a bounce toward 3.25 🎯, followed by 3.37.
A break above the descending channel 🔼 may open the way to major resistance at 3.50–3.52, which, if cleared, would return short-term control to the bulls 🐂.
Risk Management: A drop below 3.05 ❌ would weaken this setup and delay potential upside.
$ICP is showing a structured recovery — timing entries carefully and respecting support zones is crucial.