$ICP /USDT BULLISH BREAKOUT ANALYSIS
$ICP has shown strong upward momentum, surging nearly 30% in the last 24 hours with a solid rise in trading volume. After consolidating between 3.6–5.0, price has broken above key resistance near 5.00, confirming a bullish breakout on higher timeframes. The breakout candle above 5.00 signals renewed buyer strength with potential continuation ahead.
Technical Outlook:
- Trend: Bullish continuation pattern above breakout zone
- Entry (Long): 5.05–5.10 range (after confirmation retest)
- Targets (TP): 5.50 / 5.90 / 6.30
- Stop Loss (SL): 4.68 below breakout base
Indicators:
RSI rising above mid-level with bullish momentum; MACD crossover supports continued upward pressure. Volume expansion confirms accumulation phase breaking into an impulsive move.
Risk Management:
Use 2–3% capital risk per trade; adjust position size to maintain favorable risk/reward (minimum 1:2). Trail stops once above TP1 to secure profits.
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