$ICP : Short Liquidation Signals Bullish Surge Ahead! 🚀
📊 $9.0467K in shorts liquidated at $12.40968, indicating a strong squeeze on sellers. This momentum could drive Internet Computer (ICP) toward key resistance levels and a potential breakout.
Key Levels to Watch
Support Zone: $12.20 - $12.40 (reliable base).
Breakout Zone: $12.80 (key resistance level).
Targets After Breakout:
1. $13.50 (short-term).
2. $14.80 (medium-term).
3. $16.00 (long-term potential).
Trading Plan for $ICP
Buy Zone
Dip Entry: $12.30 - $12.50 (near support).
Breakout Entry: Add positions above $12.80 after confirmation.
Targets
1. Target 1: $13.50
2. Target 2: $14.80
3. Target 3: $16.00
Stop Loss
Stop Loss Level: $12.00 (below support to limit risk).
What’s Next?
1. Bullish Scenario:
If price holds above $12.40 and breaks $12.80, it could rally toward $13.50 and beyond.
2. Bearish Scenario:
If price falls below $12.00, avoid buying as downside momentum may build.
💡 Tips:
Wait for Confirmation: Ensure the breakout above $12.80 is supported by strong volume.
Risk Management: Use tight stop losses and avoid over-leveraging.
ICP is showing promising signs of a breakout – Get ready for the next move! 🎯