Looking at this chart calmly, not emotionally.

$ICP is trading around the 2.97 area, sitting inside a tight range after a sharp move from the highs. Price is clearly respecting short-term support near 2.90–2.95, while every push toward the 3.05–3.10 zone is still meeting selling pressure. This tells us one thing: the market is undecided, and patience matters here.

The SAR dots are still hovering above price on this timeframe, which means sellers haven’t fully lost control yet. Momentum is weak, volume is average, and this kind of structure usually favors range traders rather than aggressive chasers. Breakouts without volume here often fail fast.

Important trading insight for profit-focused traders:

If ICP holds above the 2.90 support and reclaims 3.05 with strength, it opens the door for a clean continuation move. But if support breaks, downside liquidity below current levels can be tested quickly. This is not a place to over-leverage it’s a place to wait for confirmation.

Smart traders don’t guess bottoms.

They let price prove direction first.

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