ICPUSDT is currently showing signs of forming a potential Head and Shoulders pattern, with the setup now waiting for the right shoulder to develop. The neckline and structure suggest a possible bearish reversal if confirmed.
Key invalidation for this setup would be a failure to hold the trendline support around the $4.70 level. A breakdown below this area could negate the pattern and shift the bias.
Keep an eye on how the price behaves around the neckline zone for confirmation or invalidation.
Follow for more chart ideas and live trade insights. NFA: Not financial advice—always DYOR and manage risk properly.
Key invalidation for this setup would be a failure to hold the trendline support around the $4.70 level. A breakdown below this area could negate the pattern and shift the bias.
Keep an eye on how the price behaves around the neckline zone for confirmation or invalidation.
Follow for more chart ideas and live trade insights. NFA: Not financial advice—always DYOR and manage risk properly.
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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.
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.