"ICP gearing up for a breakout continuation — bulls aim for $5.50 if it clears the squeeze zone
$BNB 📊 Technical Breakdown
Pattern: Breakout from a sideways accumulation followed by a flag-like consolidation
Current Price: $5.173
Setup Type: Continuation after a strong impulsive move
Volume: Increasing on breakout, tapering on consolidation = healthy structure
🎯 Trade Plan
Entry Zone: Around $5.17 (current price)
Stop Loss: $5.078 (below consolidation zone)
Target 1: $5.35 (first resistance)
Target 2: $5.498 (major target at trendline & resistance confluence)
🧠 Market Psychology Insight
Buyers have stepped in aggressively, creating a strong bullish candle
The current consolidation is likely a base for another move upward
Resistance trendline overhead could cause temporary rejection near $5.35–$5.50 zone