๐ $ICP / โ BEARISH BREAKDOWN UNDER KEY SUPPORT! ๐จ๐
๐ Current Price: $5.05
๐ 24h Change: -3.05%
๐ Trend: Bearish momentum increasing on higher timeframes
๐ KEY LEVELS:
๐ Resistance:
$5.22 (24h High / Short-term rejection)
$5.18 (MA Cluster: MA99 & MA25)
๐ Support:
$5.00 (Psychological & Intraday Low)
$4.97 (Next visible demand zone)
๐ Moving Averages:
MA(7): $5.04 โ
MA(25): $5.06 โ
MA(99): $5.08 โ
Price is below all major MAs โ confirming bearish bias.
๐งจ TRADE SETUP โ SHORT ENTRY
๐ฃ Entry: $5.05 โ $5.08 (After minor pullback or retest of MA)
๐ฏ Target 1: $5.00
๐ฏ Target 2: $4.97
๐ Stop Loss: $5.18 (Above MA99 & resistance)
๐งฎ Risk-Reward: ~1:2+
Confirmation: MACD bearish, Volume dropping on upticks, MA crossover negative.
๐ผ RISK MANAGEMENT TIPS:
๐น Risk only 1-2% of your capital per trade.
๐น Stick to your SL & avoid over-leveraging.
๐น Reassess if price reclaims $5.18 with strength.
๐ฅ Trade smart, stay sharp! Let the trend be your friend! ๐๐
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