$ICP
ICP/USDT – Long Position (Trend Continuation)

🕒 Timeframe: 1H

💰 Current Price: $5.559

📊 Market Context: Recovering from mid-term bottom, forming higher lows, testing $5.60 resistance

🔍 Technical Thesis:

🔹 Rounded bottom structure on 1H

🔹 Strong bullish engulfing candle pushing above local range

🔹 Volume rising with breakout attempt over $5.55

🔹 RSI trending up, not yet overbought – space to run

🔹 Bullish trend continuation pattern forming

🎯 Entry Plan:

🟢 Entry 1 (Pullback Retest Buy):

Enter near $5.45 – $5.52 if price pulls back and holds

✅ Look for a bounce on lower volume or wick rejections

🚀 Entry 2 (Breakout Buy):

Buy on clean 1H candle close above $5.62 with strong volume

📈 Watch for volume confirmation > 250K

💸 Take-Profit Targets:

🎯 TP1: $5.85 – local swing high

🎯 TP2: $6.05 – psychological resistance + fib confluence

🎯 TP3: $6.30 – key breakout extension level

🛡️ Stop-Loss Plan:

🔻 SL for Entry 1: Below $5.35 – breaks structure

🔻 SL for Entry 2: Below $5.50 – invalidates breakout

⚖️ Risk-Reward Tips:

📊 Entry at $5.50 with SL at $5.35:

➡️ R:R ≈ 2.2 to TP2 | 3.5+ to TP3

🔁 Trail SL above entry after TP1 hit

✅ Breakout Confirmation Triggers:

🔹 Candle close > $5.62

🔹 Volume > 250K

🔹 RSI > 60 with MACD crossover on lower timeframes

🔹 BTC stability above $67K

🟢 Signal Strength:

High – Clean reversal structure with volume and momentum support 🔥