$ICP
ICPUSDT
Perp
2.323
-0.68%
Faces difficulty staying above the $2.35 area after encountering resistance near the $2.41 high. The price shows a formation of lower highs on the lower timeframes, indicating weakening bullish momentum and the potential to continue towards nearby support areas. Sellers seem to be gaining control in the short term.
Trading 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 remains valid. A breakdown below $2.30 may accelerate the bearish momentum towards deeper support. Manage risk carefully and monitor volume confirmation on the breakdown.
ICP$BTC
BTCUSDT
Perp
65,368.8
-2.10%