🟢 $ICPUSDT — possible bounce setup

Price had a strong 1H bearish structure: each candle updated the low, while highs stayed below previous highs.

The latest closed 1H candle failed to make a new low, while the previous high is still holding.

If price updates the last low again, the bounce idea is cancelled. Stop is below the last low.

Fibonacci range: full 1H drop move, from max high to min low of the whole series.

Plan by Fibonacci retracement:
Entry zone: 2.6610 - 2.6409
Stop: 2.620748
TP1 Fib 0.236: 2.708836
TP2 Fib 0.382: 2.760082
TP3 Fib 0.5: 2.8015
TP4 Fib 0.618: 2.842918

Series: 6 candles
Move: 11.79%
Timeframe: 1H
Extreme candle wick filter: max 3.5%

Educational setup example. Not financial advice.

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