Price explosion at #ICP/USDT | Strong upward trend
Futures contracts strategy achieving maximum benefit
Quick technical analysis – 4-hour frame:
Current price: $6.264 (+5.08%)
Bollinger Bands: price breaks the upper limit (6.43) ➤ Continuous buying strength
RSI(6): at 80.3 ➤ In overbought territory but this is normal in strong trends
MACD: Positive upward crossover with strong divergence
Volumes: Liquidity is still flowing strongly, supporting the continuation of momentum
Futures contracts strategy on ICP:
🔸 Trade type: Long
🔸 Ideal entry point on retest: 6.05 – 6.20
🔸 First target: 6.60
🔸 Second target (wave extension): 7.10
🔸 Stop loss: Clear break below 5.80
🔸 R:R ratio (profit: loss): 1:2.5
Supporting points for the decision:
MA5 and MA10 in a diverging upward direction ➤ Indicates trend acceleration
RSI momentum supports further upward movement but with good risk management
Price resting on moving averages supports the principle of “buying on corrections”
Do you want to benefit from the upcoming movement of ICP? Now is the time