$ICP 1H level reduction pullback EMA20, price repeatedly tests the range of 2.235-2.248. The lower band of the 4H Bollinger Bands at 2.167 constitutes strong support, and the 1H MACD histogram has turned positive, indicating a contraction in bearish momentum. The buy depth in the order book is significantly piled up below 2.235, revealing the intention to support the price.

Direction: Long

Entry/Order: Enter in batches 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 position by 50% after the price reaches 2.305, and move the stop loss of the remaining position to the entry price. If the price cannot stabilize above 2.255, consider exiting early.

Maintain stable position volume; in a negative funding rate environment, the price has not dropped, indicating a possibility of short squeeze. The 1-hour RSI has rebounded from a low of 53.59, showing healthy momentum. The current profit-loss ratio exceeds 5, and the odds advantage is significant. The key lies in whether the price can quickly break away from the current consolidation area and form a right-side volume surge.

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👇 $ICP