$ICP 3.28 Dayong's Evening Thoughts:

1H level low-volume pullback to EMA20, with prices repeatedly testing the range of 2.235-2.248. The lower Bollinger Band at 2.167 on the 4H chart provides strong support, and the MACD histogram on the 1H level has turned positive, indicating a contraction in bearish momentum. The depth of buy orders is clearly accumulating below 2.235, revealing an intention to support the price.

Recommended Actions:

Entry/Limit Orders: Gradually enter in the range of 2.235 - 2.245

Stop Loss: 2.215

Target 1: 2.305

Target 2: 2.355

Trade Management:

- Execution Strategy: Reduce positions by 50% after the price reaches 2.305, and move the stop loss for the remaining position up to the entry price. If the price cannot hold above 2.255, consider exiting early.

Keep the position size stable; under a negative funding rate environment, the price has not fallen, indicating a possibility of a short squeeze. The 1-hour RSI has recovered from a low of 53.59, showing healthy momentum. The current risk-reward ratio exceeds 5, with a clear advantage in odds. The key is whether the price can quickly break away from the current consolidation zone and form a right-side volume surge.

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