【$ICP Signal】Short position hunting + weak 4H rebound with limited momentum

$ICP The 1H Bollinger Band middle line at 2.1811 has been repeatedly tested; sell orders are continuously pressing the price. The latest one-hour trading volume has sharply dropped to only 56k. The 4H MACD histogram is -0.0058 and still below the zero line, suggesting short-side momentum has not been fully released. Order book depth ratio of 1.12 seems to indicate more buy-side strength, but the price cannot hold above the middle line, raising doubts about the willingness of funds to provide support. Current risk-reward ratio is 1.5, so the short position has value for a short-term trade-off.
🎯Direction: short
⚡Entry/Orders placed: 2.17545 - 2.18200
🛑Stop loss: 2.20382
🚀Target 1: 2.14927
🚀Target 2: 2.13291
🛡️Trade management: After reaching Target 1, cut the position by 50% and move the stop loss up to breakeven. If price falls back to the entry level, exit automatically.
The 4H RSI is at 40.54 in the weak zone. The 1H rebound lacks strength to break the previous high. Buy-side support is concentrated around 2.176 but is being gradually eroded. With the short-side setup, selling on rallies is the trend-following move.
Check live market 👇 $ICP
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