$ICP Signal】1H level funds support, lurking for rebound


$ICP 1H level repeatedly tests around 2.42, buy-side depth is unbalanced -11.67%, but selling pressure is quickly absorbed. The 4H MACD histogram contracts, weakening the bearish force. Under a negative fee rate environment of -0.0092%, the price has not made a new low, indicating potential for short squeeze.

🎯Direction: Long

⚡Entry/Order: Within the 2.423 - 2.502 range, current price 2.428 can enter directly, or place an order at 2.423 for a quick fill.

🛑Stop loss: 2.522

🚀Target 1: 2.462

🚀Target 2: 2.442

🛡️Trade management:
- Execution strategy: After the price reaches 2.462, halve the position, and move the remaining stop loss up to the entry price. If it directly falls below 2.423, abandon this lurking attempt.

The lower band of the 1H Bollinger Bands at 2.4047 forms a psychological support, while the 1H MACD shows a golden cross for the first time. Although the 4H remains in a bearish zone, the short-term buy support and negative fee rate create a contradiction at the hourly level, often brewing a quick rebound. With a risk-reward ratio over 2, it’s worth testing with a smaller position.

Check real-time market 👇 $ICP
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