🚨 Trade Alert: $ICP /USDT – Bearish Momentum Ahead! 📉
📊 Current Price: $5.189 (–2.21%)
🔑 Key Levels
Resistance: MA5 → $5.367
Support: $4.668 (recent low)
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📉 Trade Setup (Short Bias)
🔹 Entry:
Short near MA5 ($5.367) or breakdown below $5.000
Aggressive: Current price ($5.189) with tight SL
🔹 Stop Loss:
$5.400 (above MA5)
Alt SL: $4.600 (below support)
🔹 Targets:
🎯 TP1 → $5.000 (1:1 R:R)
🎯 TP2 → $4.800 (1:2 R:R)
🎯 TP3 → $4.600 (1:3 R:R)
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📉 Why Bearish?
Price below MA5 → short-term weakness
MACD Bearish: –0.091 < +0.015
Lower highs & lower lows → clear downtrend
Low volume (3.88M USDT) → weak buying pressure
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⚠️ Risk Note:
Probability ~60–65%
Watch BTC — market reversal can flip setup
Break below $4.668 = stronger sell-off
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#ICP #Crypto #Trading #BinanceSquare #Bearish