$ICP /USDT – Mid-Range Coil, Reversal Base Stabilizing ⚙️🔄
$ICP is trading at $5.94758, finding consistent demand above the $5.62 major support, and coiling tightly just beneath the $6.12 resistance pivot.
Price action is developing a rounded base, indicating seller exhaustion and gradual buyer control, especially after rejecting deeper lows multiple times.
📊 Technical Insight: This base is forming after a prolonged downtrend—a potential trend inflection zone. A breakout above $6.12 could unleash upside momentum as price moves into thin liquidity pockets.
Support: $5.62
Resistance: $6.12
🚀 Long Trade Setup:
• Entry Zone: $5.88 – $6.02
• 🎯 TP1: $6.12
• 🎯 TP2: $6.43
• 🎯 TP3: $6.88
• ❌ Stop Loss: $5.48
💡 Pro Tip: Watch for a 4H or daily candle close above $6.12 on volume breakout. If price moves fast, look for a retest of $6.12 as reclaimed support for a precision entry with tight risk.
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