$ICP Signal | 1H Bearish dominance, continuing to decline


$ICP 1H RSI drops to 35.31, 4H MACD green bars continue to expand. Selling pressure remains suppressive, current price 2.64 is just one step away from the lower Bollinger band at 2.5624.

🎯Direction: Short

⚡Entry/Order: 2.6321 - 2.6400

🛑Stop loss: 2.6664

🚀Target 1: 2.6004

🚀Target 2: 2.5806

🛡️Trade management:
- Execution strategy: Reduce 50% of position after reaching Target 1, and move stop loss to break-even. If the price falls back into the entry zone, automatically exit to protect capital.

Negative funding rate -0.0102% indicates long positions are relatively costly, but order book buy depth is slightly advantageous (1.10). This dip seems more like passive absorption rather than active selling. Risk-reward ratio 1.5, worth a try.

View real-time market 👇 $ICP
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ICP-2.55%
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