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The hardest part of the chart isn’t that it fell—it's that before it dropped, it was acting especially like it was about to break out. $ICP A few days ago it churned back and forth near the highs. A lot of people got swept up by those few upward thrusts, but I wasn’t watching the size of the move—I was watching whether anyone would step in to take it after it surged. The answer was obvious: nobody did.
The key is right here: after ICP hit around 2.528, every time price probed upward, it got pushed back down. As a result, the rebound strength kept weakening, and at this level I’d rather stand on the other side. When most people are still hesitating, the chart has already written the pressure from the high point into the tape—many just don’t want to admit it.
Now the current price is 2.144. Short positions are up +731.51% in floating profit. Once the room for volatility opened up, the trend is extending clearly. Brothers with heavy positions, don’t hand all the profit back. It’s more comfortable to handle it in 80/20 batches—take most of it first, and use a protected stop on the remaining tail.
This move isn’t about shouting—it’s about what you can see. If you miss it, you miss it. Don’t chase the trade. Wait for the next opportunity to act.
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