$ICP Market Update

Long Liquidation Alert!

$8.3928K longs liquidated at $11.82088.

Sellers are dominating, forcing buyers to exit their positions and driving the price lower.

Key Levels

1. Current Price: $11.82088 (or close).

2. Support: $11.600 (recent low zone).

3. Resistance: $12.200 (recent high and key barrier).

What It Means

Selling pressure is strong, and the price is under downward pressure.

If the price holds above $11.600, a recovery bounce is possible.

A break below support could signal further losses.

Next Move

1. If You Plan to Buy:

Wait for the price to test $11.600 and confirm stability.

Target: $12.200 (resistance).

Stop-Loss: $11.500 (to limit potential losses).

2. If You Plan to Sell:

Consider selling near $12.200 if the price struggles to break higher.

Stop-Loss: $12.300 (to avoid losses in case of a breakout).

Pro Tip

Monitor Volume: A spike in buying volume near support could indicate a reversal.

Always set a stop-loss to protect your capital and reduce risk.

Stay disciplined and follow your strategy!

#CryptoReboundStrategy #AIAgentFrenzy #SUIHitsATH #BitcoinTurns16 #BitcoinTurns16