Coin Name: $ICP
Position: LONG
Entry Price: 5.142
On the 1-hour timeframe, ICP has formed a falling wedge — a bullish reversal pattern — and has already broken above the upper trendline. The price is now approaching the retest zone. If ICP holds this support level and the RSI also finds support, a move to the upside is likely. For those considering a trade, a long position could be taken after confirmation, with a 1:3 risk-to-reward ratio — but always trade at your own risk.
On the 12-hour timeframe, ICP is positioned between significant liquidity zones on both sides. It’s likely that price may first sweep the downside liquidity before reversing to target the liquidity resting above. This potential liquidity grab could set the stage for a strong move upward.
Leverage:
Targets:
1st TP 5.33
2nd TP 5.50
3rd TP 5.70
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$ICP