[$ICP Signal] Bearish momentum continues, the lower Bollinger Band breaks


$ICP 4H Bollinger Bands lower band 2.0552 has already been broken, and the price remains consistently below EMA20. On the 1H MACD, both lines are sticking below the zero axis and moving downward; rebounds lack strength. The order book shows buy orders at only 1.18x the sell orders, with insufficient takeover momentum.
🎯 Direction: short
⚡ Entry/limit order: 2.07276 - 2.07900 (enter directly near the current price)
🛑 Stop loss: 2.09979
🚀 Target 1: 2.04782
🚀 Target 2: 2.03222
🛡️ Trade management: - Execute strategy: after reaching Target 1, reduce position by 50% and move the stop loss up to break-even. If price drops back to the entry level, exit automatically to protect principal.
Short-term negative funding rate -0.0095% is favorable for shorts, but the main pressure comes from the bearish positioning at the 4H level. RSI remains below 40, leaving limited room for rebounds. If on the 1H there is a high-volume bullish candle forcing a partial flattening of the short position, be alert, but the current structure remains under the control of the bears. View live quotes 👇 $ICP
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ICP-1.52%
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