ICPUSDTICPUSDT
Thoughts
After a long fall, the coin was able to find a local bottom and go flat. A couple of times there was an attempt to break through the downward resistance, but it was not successful. Strong resistance provided final confirmation that a Descending Triangle pattern had formed.
After the third attempt to break through the resistance, the price froze and began to gain strength for the next impulse.
✅ Global targets for upward breakdown are indicated on the chart by blue lines: 7.524 - 8.305 - 9.240
We don’t set a stop yet, we focus on the state of BTC.
For a futures setup, set targets and stops yourself, focusing on your shoulders. We put a stop at $4.9
But remember that things can change at any moment. You need to be flexible and monitor the market. Make a decision strictly with a cool head and do not give in to emotions.
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