$ICP /USDT Technical Analysis - Binance
š Current Price: $10.832 (-4.15%)
ā° 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:
1ļøā£ Target 1: $11.00
Immediate resistance; reclaiming this level is necessary to show signs of a potential bounce.
2ļøā£ Target 2: $11.30
A key resistance point, breaking above which would indicate strength and potential bullish continuation.
3ļøā£ Target 3: $11.65
Major resistance aligning with the 24-hour high. Breaking this level could trigger a strong rally.
Strategy
š Bullish Case: Monitor for a reversal above $10.90. Gradually take profits at each target as the price recovers.
š Bearish Case: If the price breaks below $10.80, further downside toward $10.50 is expected.
ā ļø 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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