$ICP is sitting around $2.34 inside a clean bullish flag structure — and this is where patience matters.
Right now price is compressing inside the channel. That’s not weakness, that’s energy building.
Here’s how I see it:
• Bullish scenario:
A strong breakout above the upper trendline and reclaim of $2.50–$2.57 flips momentum. If that happens, the move toward $2.64 becomes very realistic. That’s where expansion starts.
• Bearish scenario:
If the lower trendline fails and we lose $2.28–$2.30, then the structure weakens and liquidity below $2.17 could get tapped first before any real bounce.
For your plan — closing the short and flipping long — don’t anticipate. Let the breakout confirm. Flags are powerful, but only after confirmation.
Right now it’s a waiting game.
Compression → Expansion.
I’d stay patient here.
What matters is not guessing the move — it’s reacting to it.
What’s your bias — breakout or fakeout?
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