$ICP /USDT ā BULLISH REVERSAL IN PLAY ššāØ
Current Price: š° $7.178
Key Levels:
Support: š”ļø $6.700 ā $6.900
Immediate Resistance: š§ $7.500 ā $7.700
Major Resistance: ā” $8.200 ā $8.500
Downside Risk Zone: š» $6.300 ā $6.500
Technical Outlook:
ICP is showing signs of bullish reversal on the 1-hour chart after bouncing from strong support near $6.700. RSI and volume suggest buying momentum is returning. A break above $7.500 could trigger further upside toward $8.200.
š Trade Setup (LONG):
Entry: $7.200 ā $7.250
Stop-Loss (SL): $6.650
Take-Profit (TP1): $7.500
Take-Profit (TP2): $7.800
Take-Profit (TP3): $8.200
š Confirmation Signs:
ā Price bouncing from support
ā Increasing bullish volume
ā RSI moving above 50 ā upward momentum
ā ļø Risk Management:
Risk 1ā2% per trade
Book partial profits at TP1 & TP2
Trail SL to break-even after TP1
Reassess if price drops below $6.650
š„ ICP bullish momentum building ā watch $7.500 for next breakout! ššāØ$ICP
