$ICP Signal | Bear momentum continues: 4H MACD dead cross


$ICP 4H MACD green bars keep expanding, and bearish momentum shows no sign of exhaustion. After the 1H rebound to 2.144, buy-side quickly weakened; sell-side depth share is 77%, with clear overhead selling pressure. RSI is 37.6; short-term is near oversold, but no bullish divergence has formed, and rebound strength is limited. Funding rate is -0.018%, making shorting costs extremely low.
🎯Direction: short
⚡Entry/limit orders: 2.11464 - 2.12100
🛑Stop loss: 2.14221
🚀Target 1: 2.08919
🚀Target 2: 2.07328
🛡️Trade management: - After reaching Target 1, cut positions by 50% and move the stop loss to breakeven. If price rebounds back into the entry range, exit proactively.
With a short-side trend, the risk-reward ratio is 1.5, and trading in line with the trend is feasible. Watch whether 4H can effectively break below the 2.11 support.
View live quotes 👇 $ICP
---
Follow me: Get more real-time crypto market analysis and insights! $BTC $ETH $SOL
#直通IPO第二期JerseyMikes #夏日创作营 #Gate事件合约首发狂欢
ICP0.05%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned