$ICP triggered a sizable long liquidation near 3.02, signaling aggressive bullish positioning was unwound after losing support. The sell-off slowed quickly, indicating selling pressure may be easing rather than accelerating. If price stabilizes and demand holds, a mean-reversion bounce toward higher resistance remains viable. Structure confirmation is essential before increasing position size.
EP: 2.90 – 3.05
TP: 3.35 / 3.70 / 4.10
SL: 2.78
Reset-and-recovery setup with disciplined downside protection.
ICPUSDT
Prep
3.05
-0.61%