$ICP Signal】Short-trend continues, Bollinger Bands lower band breakout imminent


$ICP 1H MACD green bars continue to expand, sell-side dominant. The 4H Bollinger lower band at 2.1014 has been tested twice, with weak rebounds. Bid/Ask depth ratio 1.40, buy-side support orders evident, but unable to stop price decline. This short order has a risk-reward ratio of 1.5, worth trading for a breakout.

🎯Direction: Short

⚡Entry/Order: Place short orders in the 2.10666 - 2.11300 range, priority near 2.108.

🛑Stop Loss: 2.13413 (high of retracement after breaking previous low)

🚀Target 1: 2.08131 (4H lower band support)

🚀Target 2: 2.06546 (previous low psychological level)

🛡️Trade Management:
- Execution strategy: Reduce position by 50% after reaching target 1, and move stop loss to breakeven. If price falls back to entry level, exit automatically to protect principal.

4H RSI 39.9 not oversold, bearish momentum remains. 1H MACD death cross with fast line accelerating downward, short-term selling pressure not yet released. Spot sell order ratio continues to be higher than buy orders (ratio 0.47), capital flow direction is clear. Current risk-reward ratio is acceptable, but if price rebounds above neckline at 2.13, reassessment is needed.

View real-time quotes 👇 $ICP
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ICP-4.32%
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