ICP - Bear Time Pump
Same idea as AVAX.
IF - big if - the price retraces the recent FTX dump and closes above $4.6 (June lows), then I can see it squeeze up to the two areas highlighted in red. I plan on buying where the red arrow points.
If the price closes back below $4.6 after rising and closing above it, then this prediction is invalidated. What I mean is that my prediction holds only if the coin finds support above $4.6
Note
Price was stopped at exactly $4.6. I have some added confidence in this thesis now, but no trade yet and until the daily closes above 4.6. If it breaks above, we should see at least a higher high above $5.8, but I'm hopeful it'll hit $10.
Note
I'd like to long after a pull back to $4.7 - $5. It has no business back below 4.5.
Trade active
$4.7 was hit and we have a bounce back above $5. Good luck.Note
LFG!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.