TP hit. We’ve reached the extension limit for this specific leg, and the local order flow is showing signs of absorption. I’m locking in the gains at this level.
$ICP has returned to a prior high-volume sell zone. Momentum is diverging—price is flat while sell-side pressure is increasing. As long as we remain capped under 4.40, the bear-flag thesis remains the primary outlook.
Price is currently testing overhead supply after a corrective bounce. We’re seeing a clear lack of buyer follow-through at these levels, suggesting this move is purely reactive rather than a trend shift. Sellers are defending the 28.5 – 29.5 zone aggressively. As long as we remain capped here, the path of least resistance remains lower.
Pullback pressure is being absorbed. Price remains supported above the key demand zone. As long as this base holds, the structure favors continuation. 📍 Entry: 0.235 – 0.245 🛑 Invalidation: 0.228