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ICPUSDT trade ideas

ICP: MONDAY FAKEOUT AND BULLISH PUMP ! Internet Computer (ICP) has once again demonstrated its resilience by bouncing off a critical support level at $11. This price action suggests that ICP may be poised for a rebound and a potential continuation of its upward trajectory. Key Support Level and Reaction: ICP has consistently shown strong support at the $11 level, bouncing back from this zone on several occasions. This repeated reaction highlights the significance of this support level and the potential for ICP to find footing there. Anticipated Price Movement: While ICP has bounced off the $11 support, I anticipate a further downward move to retest the psychological round number of $10. This retest is a common occurrence in the market, as traders often pay attention to round numbers. Bullish Continuation Setup: The potential retest of $10, followed by a reversal, could set the stage for a significant bullish continuation. This price action would create a classic "bullish flag" pattern, indicating potential upside momentum. Abundant Liquidity Above Trendline: A crucial factor supporting the bullish outlook is the presence of significant liquidity above the downward trendline. This liquidity pool could act as fuel for a strong upward move once ICP breaks through the trendline. Conclusion: ICP's recent price action at the $11 support level suggests a potential rebound and continuation of its upward trend. The anticipated retest of $10, followed by a bullish flag pattern formation, could pave the way for a substantial price surge. The abundant liquidity above the trendline further strengthens the bullish case.
Long
by Yaroslav_Krasko
📈🔍 ICP Long Trade Analysis 🔄💼Trade Overview: ICP presents an opportunity for a long trade, with an entry point around $12.00. Given the recent market volatility, it's crucial to manage risk tightly. Trade Setup: Entry: Consider entering the trade around $12.00. Take Profit: Target profit levels at $13.75 - $15.00 and the next resistance area at $16.50 - $18.00. Stop Loss: Place the stop loss just below $11.70 to mitigate risk effectively. 📊🛡️ Exercise caution and closely monitor ICP's price action for trade management! #ICPTrading #CryptoAnalysis 📉🚀
Long
by Richtv_official
ICP Pomp to 44 % ?We have been supported by an upward trendline for a considerable period. However, for the past few days, we have been trading below a downward trendline, and the consolidation is intensifying. Both bullish and bearish scenarios are worth considering. In a bullish scenario, we could anticipate a breakout above 13.97 with the specified targets in mind. Conversely, if the price breaks down below the 11.93 zone, we could accompany the downtrend until the 8.99 target. Which direction are you anticipating?
by Crypto-Oracle1
ICP → Long at $9!? A Buy Opportunity is Waiting!ICP did not put in a 4th leg since my last analysis and instead, the short opportunity presented itself after the third push on schedule. Should we short here? Previous Analysis: How do we trade this? 🤔 Shorting at the bottom of this bull trend is not ideal. Our short opportunity was at $18 per my last analysis. Now that we're at bull channel support, we need to wait for a breakout to the downside with confirmation support has become resistance. The likely outcome of such a breakout is a 2-legged pullback from the bull channel leading us to the Support Zone. We should be looking for long positions at this point. With Bitcoin and the crypto market cooling off, we should expect more downside. This means short scalping on lower timeframes and fading long positions on higher timeframes. I'm looking for a strong bull signal bar closing on or near its high off of the Support Zone, followed by a confirmation candle to enter a 1:4 Risk/Reward long position. Take half profits at 1:1 Risk/Reward, and swing the latter half of the position to 1:4 or until a reversal signal appears. 💡 Trade Idea 💡 Long Entry: $9.00 🟥 Stop Loss: $6.85 ✅ Take Profit #1: $11.15 ✅ Take Profit #2: $17.60 ⚖️ Risk/Reward Ratio: 1:4 🔑 Key Takeaways 🔑 1. Three pushes up into a bull channel followed by a retrace to support. 2. Wait for a breakout below the bull channel and Daily 200EMA. 3. Look for a long entry above the Support Zone 4. Target is just shy of the previous high of around $18 for the final take profit. 5. RSI at 45.00 and above the Moving Average, room to fall. 💰 Trading Tip 💰 The longer a trend continues after 3 legs, the probability of that trend continuing lessens. Because of this decreased probability, we ought to reduce our risk when entering trades and start looking for reversals. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
Long
by TraderEngineering
1
ICPUSDT.1DOn the daily chart for Internet Computer (ICP/USDT), the price action is showing signs of a potential trend reversal. After a period of decline, indicated by the descending trendline, there's a notable bullish candle that has broken through this trendline, which might suggest the beginning of an upward movement. The price is currently at $15.566, with the next key resistance level at $17.734. If the price can sustain above the trendline and move past this resistance, it could indicate a stronger reversal and the beginning of an uptrend. The support level at $10.954 is critical; holding above it is important for the bullish case. For traders considering a long position, entry near the breakout with a stop loss below the most recent swing low could be a strategy, aiming for targets at the resistance level and potentially higher if the trend continues. Conversely, a drop below the support level may signal a false breakout and a resumption of the bearish trend. As always, monitoring volume for confirmation and employing proper risk management is advisable.
by MarsSignals