$ICP Signal】1H rebound encounters resistance, bearish retracement setup


$ICP RSI 1H 49.04, buying depth 1.47 but price still hovering below EMA20_1h. 4H MACD bearish momentum shrinking, Bollinger Band middle line 2.4439 with obvious resistance. After testing 2.40 on the rebound, it falls back again, high-level selling pressure remains.
🎯Direction: short
⚡Entry/Order: 2.393 - 2.400
🛑Stop loss: 2.424
🚀Target 1: 2.364
🚀Target 2: 2.346
🛡️Trade management:
- Execution strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to break-even. If the price falls back into the entry zone, automatically exit to protect capital.
1H rebound volume diminishes, 4H bearish arrangement remains unchanged, short-term risk-reward ratio of 1.5 is attractive. Although order book is dense, upward momentum is insufficient, downward inertia still exists.
Check real-time market 👇 $ICP
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ICP-1.22%
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