$ICP /USDT BEARISH REVERSAL FORMING 🚨🔻
AFTER REJECTING FROM THE RECENT HIGH AT $5.784, $ICP /USDT IS SHOWING SIGNS OF WEAKNESS AS SELLING PRESSURE INCREASES. THE PRICE HAS STARTED TO FORM LOWER HIGHS ON THE LOWER TIMEFRAME, SUGGESTING A POTENTIAL SHORT-TERM PULLBACK. IF THE PRICE FAILS TO HOLD THE CURRENT SUPPORT LEVEL, A DEEPER CORRECTION MAY FOLLOW.
🔎 Current Price: $5.634
Key Levels:
🔻 Resistance: $5.705 — $5.784
🔻 Support: $5.602 — $5.500
TRADE SETUP (SHORT) 🔴
• Entry Zone: $5.63 – $5.65
• Take-Profit Targets: $5.60 / $5.54 / $5.50
• Stop-Loss: $5.69
RISK MANAGEMENT:
IMPLEMENT STRICT STOP-LOSS TO CONTROL POTENTIAL LOSSES. SCALE OUT PROFITS AT KEY SUPPORT LEVELS TO SECURE GAINS DURING THE DOWNSIDE MOVE.