$ICP given your note of a long liquidation around $4.035 (~$1.5 K size).
🔍 Current snapshot
Price: ~$4.19 USD.
Futures/Spot data: 24h futures volume ~$430 M; spot ~$56 M.
Liquidation risk: Real-time tracker shows elevated risk in both long and short positions for ICP.
Previously noted large long liquidations: e.g., ~$3.195K long wiped at ~$4.84.
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🎯 Trade setup (based on your long liquidation reference)
Spot entry: ~$4.035 (you referenced the long liquidation at this level).
Target: If bullish: a plausible short-term target could be $4.50-$5.00, where previous resistance zones have formed.
Stop-loss: To protect risk, something under support, e.g. $3.70-$3.80 zone could act as stop-loss.
Resistance: Strong resistance around ~$4.75-$5.00 where previous large liquidations occurred.
Support: Under current price, support near ~$3.50-$3.70 (liquidity cluster) acts as downside buffer.
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⚠️ Key risk factors
Leveraged long liquidation risk remains high — your note already points to one such event.
If price drops below support (~$3.50-$3.70), further stop-runs/liquidations could accelerate.
Conversely, if bulls push through resistance (~$5.00), short squeeze could fuel a sharp uptick.
Always consider volume, funding rate, open interest: high values = higher risk.
