$ICP /USDT BEARISH PRESSURE INCREASING 🔻 | TECHNICAL ANALYSIS

📊 Current Price: $5.41

📉 24h Change: -2.66%

📌 Resistance Levels:

R1: $5.60

R2: $5.78 (24h High)

R3: $6.00

📉 Support Levels:

S1: $5.40 (Immediate)

S2: $5.20

S3: $5.00

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🔍 TECHNICAL OUTLOOK:

$ICP /USDT is under clear bearish pressure as it failed to hold above the $5.60 mark and is now hovering just above key support at $5.40. If this level breaks, the next major supports lie at $5.20 and $5.00, both of which could attract short sellers.

The price structure is showing lower highs and lower lows, and daily momentum remains weak with high sell volume.

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📉 TRADE SETUP (SHORT)

🔻 Entry: $5.40 - $5.45

🎯 Targets:

TP1: $5.20

TP2: $5.00

TP3: $4.80

🛑 Stop Loss: $5.62

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⚠️ RISK MANAGEMENT:

🔸 Limit exposure to 1-2% of capital

🔸 Use SL strictly to avoid breakdown traps

🔸 Consider scaling out profits at each target

📉 Momentum remains weak — avoid long positions until reversal confirmation!

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