【$ICP Signal】Multiple head rallying up and then falling back, pullback strategy for long entries

$ICP Buy volume ratio 0.47, 1H funds show clear signs of active withdrawal, price has fallen from high of 4.086 to around 3.75, the upper band of the 1H Bollinger Bands at 3.979 effectively suppresses, trading volume shrinks simultaneously, short-term momentum diminishes. The 4H MACD histogram is still expanding but the slope is slowing, the overall bullish structure remains intact. RSI 1H at 66.51, not overbought at high levels, still has potential for a second rise.
🎯Direction: Long (pullback pending order)
⚡Entry/Order: 3.72 (recommended entry range 3.176 - 3.729)
🛑Stop loss: 2.828
🚀Target 1: 3.871
🚀Target 2: 4.218
🛡️Trade management: Reduce 50% at Target 1, move stop loss to breakeven; if price falls back to entry level, automatically exit.
Depth logic: Funding rate 0.0067% normal, OI stable with no abnormal fluctuations, current pullback is short-term profit-taking, 4H support EMA50 at 2.8424, far from current price, bullish cushion is sufficient. Personally inclined to wait for a pullback confirmation before entering, risk-reward ratio about 1:4, worth a shot.
View real-time market 👇 $ICP
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