$ICP
BEARISH SETUP ALERT โ ๏ธ๐ | WEAK MOMENTUM BELOW KEY MOVING AVERAGES.
$ICP is struggling to hold above the $4.65 level, facing continuous rejection near the MA(7) at $4.79, indicating potential downside pressure. The price remains below the 25-day moving average ($8.31) โ showing overall bearish market sentiment.
๐ Key Levels:
Current Price: $4.65
Resistance: $4.80 / $5.10
Support: $4.48 / $4.30 / $4.00
๐ฃ Trade Setup (SHORT ENTRY):
Entry Zone: $4.65 โ $4.75
Target 1 (TP1): $4.48 โ
Target 2 (TP2): $4.30 ๐ฅ
Target 3 (TP3): $4.00 ๐ป
Stop Loss (SL): $4.82 ๐ซ
๐ผ Risk Management:
Risk only 2%โ3% per trade. Use a tight SL and partial profit booking at TP1. If momentum flips bullish, exit early to protect capital โ remember, capital preservation beats revenge trading! ๐ง ๐ฐ



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