SHAILESH VANZARA
Open Trade
Occasional Trader
2.1 Months
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8 Followers
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$ICP Market Update – Caution Advised
$ICP is still showing clear weakness. The price structure is continuously making lower highs, which indicates that sellers are still in control. A strong rejection is being observed below the descending trendline, so taking long positions without confirmation could be high-risk.
The best approach at this stage is to wait and watch. If the price gives a successful retest after breaking out above 4.6, only then should one think about a fresh entry.
On the other hand, if the support at 3.3 breaks, downside pressure could increase.
The best approach at this stage is to wait and watch. If the price gives a successful retest after breaking out above 4.6, only then should one think about a fresh entry.
On the other hand, if the support at 3.3 breaks, downside pressure could increase.
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