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I only meant to quietly take a look at the order book, but as soon as the morning session started and prices got smashed down, $ICP directly ignited the bears’ sentiment. A few days ago, right before bed, the price was still grinding around the high—on the surface it looked like it was building up strength. But in reality, every time it tried to push up, it was just short of the last bit of follow-through, and the buy-side never really kept up.
While monitoring ICP during the session, I saw that the overhead pressure hadn’t eased, and the rebounds were getting weaker and weaker. So around 2.528, I went long at that level—waiting for the pullback after the failed absorption, not rushing in to chase a single bearish K-line drop.
Now the price is at 2.176, and the unrealized profit shows +670.55%. This move’s timing is finally on point—the short position has finally gotten its answer.
Close 80% first; move the remaining 20%’s protection level to around your cost basis. Profit needs to go into your pocket—don’t let the rebound wipe out the results you’ve already secured.
Being flat isn’t a crime—reckless entries are the mistake. Friends who haven’t gotten on the train yet, don’t rush to add tickets. Wait until the next wave’s signal is confirmed, and then move only after the new structure forms.
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