【$ICP Signal】Short position + observe for increased volume during decline
$ICP is experiencing increased volume during a decline, and the price action indicates that selling pressure is dominant. Market logic suggests that position volume should be considered to determine whether it is a long liquidation or main force distribution. Currently, there is no clear bottom support structure; wait for the market structure to become clearer.
🎯 Direction: Short position
Wait for the price action to give a clear signal. If open interest increases simultaneously, the downward trend may continue; if open interest decreases along with the price decline, it could indicate that long liquidation is nearing the end. The current risk outweighs the opportunity; remain cautious.
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【$ICP Signal】Short position + observe for increased volume during decline
$ICP is experiencing increased volume during a decline, and the price action indicates that selling pressure is dominant. Market logic suggests that position volume should be considered to determine whether it is a long liquidation or main force distribution. Currently, there is no clear bottom support structure; wait for the market structure to become clearer.
🎯 Direction: Short position
Wait for the price action to give a clear signal. If open interest increases simultaneously, the downward trend may continue; if open interest decreases along with the price decline, it could indicate that long liquidation is nearing the end. The current risk outweighs the opportunity; remain cautious.
Trade 👇 $ICP
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