【$ICP Signal】1H pullback charging, 4H bullish trend not broken, waiting for low buy-in

$ICP 1H MACD death cross continues to release negative values, RSI falls back to 59, trading volume shrinks to 540k, order book sell pressure slightly dominant. Although 4H RSI is overbought at 71, EMA20 support remains effective, funding rate negative at -0.0016% suggests bears should be cautious of a rebound. It is recommended to set up around 3.45, which is the resonance zone of the 1H Bollinger middle band and 4H EMA20, offering a more favorable risk-reward ratio.
🎯Direction: Long (place order)
⚡Entry/Order: 3.450
🛑Stop loss: 2.860
🚀Target 1: 3.947
🚀Target 2: 4.309
🛡️Trade management: - Execute strategy: after reaching Target 1, reduce position by 50%, and move stop loss to breakeven. If price falls back to entry level, automatically exit to protect principal.
4H Open Interest remains stable without surge, price remains firm under negative funding rate, bulls have not retreated. 1H pullback with reduced volume indicates limited selling pressure; once buying resumes, short squeeze momentum may restart. Be patient and wait for orders to fill, do not chase high.
Check real-time market 👇 $ICP
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