$ICP /USDT
๐ ICP/USDT Market Overview
MetricValueCurrent Price$4.893 (+0.37%)24h High$5.13024h Low$4.82824h Vol (ICP)1.43M24h Vol (USDT)$7.08M
๐ Key Levels (Based on Depth & Price Structure)
TypeLevelNotesResistance$5.130โ5.14324h high + order wall (depth)Resistance$5.086โ5.030Supply zone below resistanceSupport$4.82824h lowSupport$4.873Intraday bounce zone (seen in depth)Mid-Range$4.917โ$4.973Current range consolidation
๐ง Trade Setup Options
โ Setup 1: Breakout Long
Trigger: 1h or 4h candle close above $5.13
Entry: $5.14 (confirmation)
Target 1: $5.35
Target 2: $5.55 (if trend continues)
Stop Loss: $4.97 (below last lower high)
๐ Breakout Strategy: Good if BTC and broader market are stable or trending upward.
๐ Setup 2: Range Bounce (Mean Reversion)
Buy Zone: $4.83โ$4.87
Sell Zone: $4.97โ$5.03
Stop Loss: $4.80
Risk-Reward: Minimum 1:2
๐ Use this if ICP continues to respect current range with low volatility.
โ Setup 3: Breakdown Short
Trigger: Price closes below $4.82 on high volume
Entry: On breakdown retest
Target 1: $4.65
Target 2: $4.50
Stop Loss: $4.90
๐จ Only valid if BTC and L1 tokens show weakness.
๐งช Confirm with Indicators
RSI (4h): Watch for divergence at $5.13 zone.
MACD (1h): Look for bullish cross confirmation above $5.
Volume: Volume must increase on breakout (currently moderate).
๐งฎ Position Sizing Example
If SL = $0.10 and risk = $25
โ Position Size = $25 รท 0.10 = 250 ICP
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