Cryptocurrency analysis #ICP 📊Current price$10.057
Buy Entry Point: The $9.50 level looks like a good entry point as it is the closest support level that can keep the price from falling further.
Support and Resistance Levels
Support Levels:
$9.50: Significant support level where a significant number of liquidations occur. $9.00: Next major support level. $8.50: Additional support level.
Resistance Levels:
$11.00: Current resistance level that the price must overcome for further growth. $12.00: Next resistance level. $13.00: Additional resistance level.
Stop loss
The stop loss level can be set at $9.00 to limit potential losses if the price falls.
Price Movement Forecast
Short term forecast:
The price could fluctuate between $9.50 and $11.00 in the coming days as traders assess current support and resistance levels.
Mid-term forecast:
If the price breaks the $11.00 level, an increase to $12.00 and higher is possible. If it falls below $9.50, the price may drop to $9.00.
Technical analysis
The LiquidationHeatMap chart shows that the $9.50 level is an important support where a significant number of liquidations are occurring. A break above the $11.00 level could indicate the start of an uptrend, with potential targets at $12.00 and $13.00. If it falls below $9.50, the price may continue to fall to $9.00.
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