๐ Internet Computer (ICP) Trade Setup
ICP is currently trading around $5.39 with mixed signals:
Short-term โ Bullish momentum ๐
Long-term โ Still cautious โ ๏ธ
๐น 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: MediumโHigh โ
๐น 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: MediumโLow (speculative) ๐ฅ
๐ Key Levels to Watch
Support: $5.00 โ $5.30
Resistance: $6.10 โ $6.25 / $9.00 โ $11.00
โก๏ธ Short-term looks promising with a possible bounce, while the bigger wedge breakout could mean a massive rally if confirmed.
๐ Whatโs your ICP target for this cycle?