$ICP /USDT BEARISH BREAKDOWN 🔻 | SHORT SETUP AHEAD!
🚨 Current Price: $5.35
📉 24h Low: $5.279 | 📈 24h High: $5.663
🧭 Trend: Bearish on lower timeframes (1H / 4H)
🧊 Volume: Declining momentum, low demand
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🔍 KEY LEVELS TO WATCH:
🔻 Resistance:
$5.55 – Recent high & 1H supply zone
$5.66 – Intraday rejection point
🛡️ Support:
$5.30 – Weak near-term support
$5.25 – Breakdown point to watch
$5.10 – Major demand zone & possible bounce area
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📉 TRADE SETUP – SHORT POSITION:
🔫 Entry: $5.35 – $5.40 (on any bounce or candle close below $5.30)
🎯 Take Profits:
TP1: $5.25
TP2: $5.10
TP3: $4.95 (swing target)
🛑 Stop Loss: $5.58 (Above recent resistance & invalidation)
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📊 RISK MANAGEMENT:
⚖️ Risk 1-2% per trade max
🎯 Use position sizing based on SL distance
🔄 Stick to your plan – no revenge trading!
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💡 Bearish momentum is building; wait for confirmation below $5.30 to catch the drop. Trade smart & stay safe!
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