$ICP /USDT BEARISH REVERSAL UNDERWAY — BULLS LOSING CONTROL AS SUPPORT WEAKENS ⚠️📉
$ICP has slipped sharply from its recent high near $7.30, now trading around $6.38 with growing sell pressure. The breakdown below the key $6.70 support zone indicates exhaustion in bullish momentum, and the price is struggling to find a stable base. If $6.15 fails to hold, a deeper correction toward $5.80–$5.50 could follow as traders continue to de-risk amid weak volume recovery signals.
Trade Setup:
Entry (Short): $6.40 – $6.50
Take Profit (TP): $6.00 / $5.80 / $5.50
Stop Loss (SL): $6.80
Market Outlook:
ICP shows short-term bearish sentiment with lower highs forming across the 4H structure. Bears appear dominant until a clear rebound above $6.80 confirms a reversal. For now, caution is advised, as the next support zones could be tested soon if overall market momentum stays weak.
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