$ICP Signal] Bearish continuation, 4H MACD death cross diverging


$ICP 4H MACD death cross, green bars continuously expanding, bearish momentum not exhausted. 1H RSI 41.77, rebound strength weak, price running close to the lower Bollinger Band. Although buy depth is slightly higher (Bid/Ask 1.40), selling pressure was quickly absorbed without result, and the intention of capital to support the bottom is being eroded by continuous sluggish decline.
🎯Direction: short
⚡Entry/Pending order: 2.10666 - 2.11300
🛑Stop loss: 2.13413
🚀Target 1: 2.08131
🚀Target 2: 2.06546
🛡️Trade management: - Execution strategy: After reaching target 1, reduce position by 50% and move stop loss to breakeven. If price falls back to entry, automatically exit to protect principal.
The lower band of the 4H level has not been effectively broken, but the 1H rebound is weak. If bears continue to apply pressure, the probability of acceleration after the lower band breaks is high. This is a short-term trend-following trade with a risk-reward ratio of 1.5 times. Just execute with discipline.
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