$ICP / USDT – Bearish Setup Forming, Sell Pressure Increasing
$ICP is losing upward momentum and currently trades at $5.61 (+0.38%). The price is facing rejection near resistance, and volume remains weak — signaling a potential short-term pullback.
Key Levels:
Resistance: $5.77
Support: $5.46 → $5.22
Current Price: $5.61
Trade Setup (Short):
Entry: $5.60 – $5.65
Take Profit 1: $5.46
Take Profit 2: $5.22
Take Profit 3: $5.11
Stop Loss: $5.78
Risk Management:
Limit risk to 2% of capital per trade. Use a tight stop loss and stay alert for trend reversals. Avoid using high leverage and focus on disciplined entries.