【$ICP Signal】4H rebound blocked, bearish ambush

$ICP 4H MACD histogram shrinking but still below zero, price trading near the lower Bollinger Band, RSI 37. Sell orders have been pressing down for three consecutive bars, buy order depth is 1.05 times, selling pressure has not yet been absorbed.

🎯Direction: Short (Pending order)

⚡Entry/Pending order: 2.754

🛑Stop loss: 2.776

🚀Target 1: 2.710

🚀Target 2: 2.688

🛡️Trade management:
- Execution strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss down to the entry price. If the price rebounds and breaks above 2.776, exit at the stop loss.

(Depth logic: The 4H Bollinger upper band at 2.662 forms medium-term resistance, current rebound to around 2.754 encounters double resistance from EMA20 and previous dense trading zone. Funding rate is extremely low at 0.0034%, lacking short squeeze momentum. Objectively assessing the risk-reward ratio at about 2:1, but execution should wait until the price reaches the target.)

Check real-time market 👇 $ICP
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