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【$ICP Signal】Bearish continuation, 1H break follow-up
$ICP 1H continues to probe lower, MACD green bars narrow but no golden cross seen, 4H bearish volume bars are still expanding. Deep sell orders -22.83%, selling pressure dominates. Current price is close to the lower Bollinger Band, rebound is very weak.
🎯Direction: short
⚡Entry/Order: 2.66598 - 2.67400
🛑Stop loss: 2.70074
🚀Target 1: 2.63389
🚀Target 2: 2.61383
🛡️Trade management:
- Execution strategy: After reaching Target 1, reduce position by 50%, and move stop loss to break-even. If the price falls back into the entry zone, automatically exit to protect capital.
Rebound strength is limited, the bearish control rhythm is clear, and the risk-reward ratio of 1.5 is a reasonable betting range. 1H RSI at 32 is not extreme, with room to the downside.
View real-time market 👇 $ICP
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