🚀$ICP /USDT – Bearish Reversal Trade Setup🤔👇
📅 Timeframes Used: 1H & 4H
⚙️ Strategy Type: Short-Term Bearish Scalping with Tight Risk
📊 Current Technical Outlook:
✅ Price Action: Sharp vertical rally reaching key psychological zone near $6.00
🚨 RSI: Overbought on both 1H (near 70) and 4H (above 75) – classic reversal risk
⚠️ MACD: Histogram momentum slowing on 1H, showing early bearish crossover possibility
🔻 Bearish Divergence Watch: RSI rising slower while price made higher highs – warning sign
📉 Bearish Strategy Plan (Short Opportunity)
🔥 Short Entry Zone:
🔺 $5.90–$6.00 (ideal rejection wick zone near resistance)
🎯 Take Profit Targets:
TP1: $5.65 (EMA20 zone)
TP2: $5.44 (Previous structure base)
TP3: $5.18 (EMA50 support zone)
🛡️ Stop Loss (Tight):
SL: $6.10 (above rejection wick/high + round number zone)
📌 Why This Trade?
🧨 ICP has already pumped over 10%
RSI is overheated + divergence appearing
Previous pump candles could trap late buyers
Volume drying near top — likely distribution phase forming
💡 Pro Tips:
Use 1H bearish engulfing candle or shooting star confirmation before entry
If price consolidates sideways under $5.90 with low volume = signal to trigger short
🚨 Risk Management Reminder:
Keep position size light
This is a counter-trend trade, so trade with tight SL and quick exit targets
🧠 "In overbought markets, profits go not to the brave — but to the disciplined."
🔒 This analysis is for educational purposes only. Not financial advice. Manage risk and confirm signals on your chart.