$ICP /USDT short trade signal 🚦🔴
based on the chart and a short trade signal:
SHORT TRADE SIGNAL – BEARISH REJECTION AFTER PARABOLIC PUSH!
$ICP surged aggressively to $5.702 but is now showing signs of exhaustion on the 4H chart. A rejection candle has formed at the top, and the price is pulling back toward $5.62 — signaling a potential reversal after overextension.
TRADE SETUP (SHORT):
Entry Price: $5.65 – $5.60
Target 1: $5.34
Target 2: $5.10
Stop Loss: $5.73
Why Short?
After a steep climb from $4.74, $ICP hit a resistance wall and printed a strong upper wick candle. This indicates selling pressure at the top with the momentum starting to cool. If price slips below $5.60, further correction is expected.
Risk Management Tip:
Use a tight SL above the rejection wick ($5.73). If TP1 hits, secure partial profits and trail your stop for safety.
Sell smart — don’t chase green candles when the trend is turning red!
Ride the red wave before it dips deep — profits belong to the fearless!
Sell and Trade here on $ICP
