$ICP is struggling to hold above the 2.35$ area after facing rejection near the 2.41$ high. Price is showing lower-high formation on lower timeframes, suggesting weakening bullish momentum and potential continuation toward nearby support zones. Sellers appear to be gaining short-term control.
Trade Setup:
Entry Range: 2.330$ – 2.360$
Target 1: 2.300$
Target 2: 2.260$
Target 3: 2.200$
Stop Loss (SL): 2.420$
As long as $ICP remains below 2.420$, the bearish setup stays valid. A breakdown under 2.30$ could accelerate downside momentum toward deeper support. Manage risk carefully and watch for volume confirmation on breakdown.
ICPUSDT
Perp
2.35
+0.42%