$ICP
š ICP/USDT ā Breakout Watch (Bullish Bias)
š Timeframe: 1H
š° Current Price: $5.655
š Trend Context: Range-bound structure; testing upper resistance after higher lows. Potential for breakout continuation if momentum holds.
š© Entry Plan (Long):
š Entry Zone:
Aggressive: $5.60 ā $5.70 (pre-breakout anticipation)
Conservative: On confirmed breakout above $5.90 (resistance zone)
šÆ Take-Profit Targets:
šÆ TP1: $6.10
šÆ TP2: $6.48 (range high)
šÆ TP3: $6.90 (potential extension)
š”ļø Stop-Loss:
š» SL: $5.25 (below recent higher low)
āļø Risk-Reward Tip:
Entry: $5.65 | SL: $5.25
TP2: $6.48 ā Risk:Reward ā 2.1:1
š Consider trailing stop after TP1 or on breakout retest
ā
Confirmation Triggers:
šø Break and hold above $5.90
šø Spike in volume on breakout candle
šø BTC and altcoin sentiment aligning bullishly
š„ Signal Strength:
Medium-High ā Pre-breakout structure is strong, but confirmation above $5.90 would significantly boost signal confidence.