$ICP Signal】Short-term shorting, 4H downtrend continues + rebound blocked


$ICP After rebounding to the 2.44-2.45 range on the 1H chart, buying pressure quickly diminishes, and the middle band of the 4H Bollinger Bands at 2.473 provides effective resistance. Market depth shows dense sell orders, bid/ask ratio drops to 0.43, and funds are still flowing out. The risk-reward ratio here is reasonable, targeting a short position.
🎯Direction: Short
⚡Entry/Order: 2.41673 - 2.42400
🛑Stop Loss: 2.44824
🚀Target 1: 2.38764
🚀Target 2: 2.36946
🛡️Trade Management:
- Execution Strategy: Reduce position by 50% after reaching Target 1, and move the stop loss to breakeven. If the price falls back into the entry zone, automatically exit to protect capital.
The 4H MACD green bars continue to expand, indicating the bearish trend remains dominant. The 1H RSI rebounds to a neutral zone then turns downward, with selling pressure regaining control. Stop loss is set above the EMA50 to prevent false breakouts.
View real-time market 👇 $ICP
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ICP-6.57%
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