$ICP /USDT Technical Analysis - Binance

📊 Current Price: $10.832 (-4.15%)

⏰ Timeframe: 30m

Analysis & Targets

$ICP /USDT is showing bearish momentum, breaking through critical support levels. Here are the key price targets for potential recovery or further downside:

1️⃣ Target 1: $11.00

Immediate resistance; reclaiming this level is necessary to show signs of a potential bounce.

2️⃣ Target 2: $11.30

A key resistance point, breaking above which would indicate strength and potential bullish continuation.

3️⃣ Target 3: $11.65

Major resistance aligning with the 24-hour high. Breaking this level could trigger a strong rally.

Strategy

📈 Bullish Case: Monitor for a reversal above $10.90. Gradually take profits at each target as the price recovers.

📉 Bearish Case: If the price breaks below $10.80, further downside toward $10.50 is expected.

⚠️ Risk Management:

Place a stop-loss below $10.75 to minimize risks.

Adjust position sizes based on volatility and market conditions.

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