ICP ConsolidationThe price action was kind of messy after the most recent peak. Itβs currently shaping up to make another move higher, at least thatβs what it looks like to me.
I donβt follow the technology of ICP but I know itβs been extremely beaten down.
My short term target is roughly $25
If it breaks through $25 and finds support on the downward facing channel, the move could be much higher.
Although, itβs unlikely to break through only because it line up with some major resistance.
So with that said, Iβm taking everything off the table at that price point.
Thatβs the type of trader I have molded into thanks to trading the crypto markets the past 5 years.
Iβm not saying this is the correct or only way to play this, I could obviously take half and wait and see. I might change how much I take depending on the speed of price movement.
My targets are fixed on the downward channel and price and time are the only things that change.
Nothing here is investment advice!
Iβm currently trading these thoughts of mine with real money.