🚨😱ICP Coin Head and Shoulders Threatens Catastrophe or Golden Opportunity for Accumulation? 🤑🔥
On the 4-hour frame, ICP/USDT is under clear selling pressure: the price is below all moving averages (EMA7/25/99) with a negative alignment confirming bear dominance 🐻.
📉 The most dangerous technical pattern now: Head and Shoulders with a broken peak at $5.22–5.30, its potential target is around $4.35!
But 👀 RSI at 24 indicates oversold conditions that may provide a short-term rebound.
📍 Important levels:
⚡️Resistance: $5.22–5.30 (critical retest).
⚡️Supports: $4.89 → $4.66 → $4.35.
🎯 The most likely scenario: Sell any rebound towards $5.22–5.30 with a stop above $5.40.
❌ Invalidating the downtrend: Strong close above $5.44 returns control to the bulls 🐂.
In your opinion… Will ICP continue its scary downward journey towards $4? Or have the bears fallen into a deceptive trap? 🤔
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