🚨 Internet Computer (ICP) Trade Setup
📊 Technical View:
ICP is trading in a sideways consolidation. Key support sits at $5.44, while resistance is at $6.08–$6.14. A breakout above resistance could spark the next bullish leg.
🔎 Trade Ideas:
1️⃣ Range Play
Entry: ~$5.56
Stop: $5.30–$5.44
Target: $6.08–$6.14
R:R ≈ 1:2–1:3
2️⃣ Breakout Play
Entry: Above $6.14 (with volume confirmation)
Stop: $6.00–$6.10
Target: $6.50–$7.00
R:R ≈ 1:2+
3️⃣ Buy the Dip
Entry: $4.86–$5.04
Stop: Below $4.86
Target: $5.75–$6.14
R:R ≈ 1:2–1:3+
📈 Probability: ~50–55% in current neutral momentum. RSI is mid-range, MACD tilting bullish, but volume confirmation is key.
⚠️ Risk Note: ATR ≈ $0.31 → ICP is volatile. Use strict stop-loss & manage size carefully.
👉 Key Levels to Watch:
Support: $5.44 | Resistance: $6.08–$6.14 | Breakout Target: $6.50–$7.00
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