๐Ÿš€ Internet Computer (ICP) Trade Setup

ICP is currently trading around $5.39 with mixed signals:

Short-term โ†’ Bullish momentum ๐Ÿ“ˆ

Long-term โ†’ Still cautious โš ๏ธ

๐Ÿ”น Setup A: Short-term Bounce (Symmetrical Triangle / Double Bottom)

Entry: ~$5.60

Stop-loss: ~$5.53

Targets: $5.72 / $5.80 / $5.94

Risk-Reward: ~1:2.8

Probability: Mediumโ€“High โœ…

๐Ÿ”น Setup B: Medium-term Breakout (Falling Wedge)

Entry: On daily close above ~$5.94

Stop-loss: ~$5.50

Target: ~$12.70 (+130%)

Risk-Reward: ~1:8

Probability: Mediumโ€“Low (speculative) ๐Ÿ”ฅ

๐Ÿ“Š Key Levels to Watch

Support: $5.00 โ€“ $5.30

Resistance: $6.10 โ€“ $6.25 / $9.00 โ€“ $11.00

โšก๏ธ Short-term looks promising with a possible bounce, while the bigger wedge breakout could mean a massive rally if confirmed.

๐Ÿ‘‰ Whatโ€™s your ICP target for this cycle?