🚨$ICP Bears in Control: Trend-Following Short Setup ⚡️
Plan Trade: Short 🔴
Entry Zone: 3.25 - 3.12
Take Profit:
🎯 TP1: 3.03
🎯 TP2: 2.99
🎯 TP3: 2.93
Stop Loss: 3.45
ICPUSDT
Perp
3.002
-3.72%
🔥Technical Analysis:
A clear bearish structure (lower highs and lower lows) is evident on D1 and H4 charts, with the price sitting below all EMAs (10, 25, 50), confirming seller dominance. On H1 & 15m timeframes, the price is consolidating weakly after a drop. Although the 15m RSI (27.7) suggests a potential minor relief bounce, heavy selling pressure at the 3.30 - 3.40 zone acts as a strong barrier, likely pushing the price lower.
