ICP Buying Opportunity
The ICP came back to life at the end of last year and increased significantly. After May, however, it declined in response to the general market decline.
But I think that decline is now over. The $8-9 area is a good buying zone for us. Especially considering that it is coming out of the downtrend.
I don't think it will go below $8 from now on, but in a possible correction in the market, it could go down to $6.5-7 and come up. This is the ideal buying zone for us because if this happens, there is a potential double bottom pattern.
My plan is to buy a large amount of ICP now and place a small buy order at the $7 level.
But I think that decline is now over. The $8-9 area is a good buying zone for us. Especially considering that it is coming out of the downtrend.
I don't think it will go below $8 from now on, but in a possible correction in the market, it could go down to $6.5-7 and come up. This is the ideal buying zone for us because if this happens, there is a potential double bottom pattern.
My plan is to buy a large amount of ICP now and place a small buy order at the $7 level.
Note
I said that ICP could see $6.5-7 in a potential market correction and this is the ideal buying zone.
So did anyone else take advantage of this opportunity?
If you bought in a good place and this analysis has worked for you, I am looking forward to your comments.
I think I can also tell you my long term target for ICP. I think ICP will be over $100 in 3 years. If blockchain and web3 become popular, if it can maintain its infrastructure and vision, the target for 10 years later is MOON.
I'm just saying...
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