🚀 Technical Analysis: $ICP /USDT
Current Price: $11.155 (+3.95%)
Timeframe: 30-min chart (Binance)
🎯 Key Targets:
1. Target 1 (Immediate Resistance): $11.50
A break above this level could attract buyers for short-term gains.
2. Target 2 (Mid-Term Resistance): $11.80
Sustained bullish momentum could push the price to test this zone. Ideal for partial profit-taking.
3. Target 3 (Major Resistance): $12.00
A psychological resistance level where a breakout could signal a strong bullish trend continuation.
🔻 Support Zones:
Immediate Support: $11.00
A crucial level to hold for maintaining short-term bullish sentiment.
Critical Support: $10.80
Breaching this level may signal further bearish pressure.
📈 Strategy:
Entry Zone: Around $11.10–$11.20 on dips, or upon confirmation of momentum above $11.50.
Profit Zones: Book partial profits at $11.50, $11.80, and $12.00 to balance gains.
Stop Loss: Below $10.80 to manage downside risks.
🔍 Insights:
Trend: Currently in an uptrend with higher highs.
Volume Spike: Indicates strong buyer interest, supporting a potential breakout.