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【$ICPUSDT】Long and Short Positions Heating Up
$ICPUSDT During intraday regular fluctuation period, RSI drops to 28.22, with buying orders breaking down in the oversold zone. 4-hour MACD shows a bearish crossover below the zero line, bearish momentum has not yet exhausted, but the 1-hour histogram has begun to converge, suggesting possible short-term technical rebound. Selling depth is 9 times that of buying, with heavy selling pressure above, whale sharks distributing on the left side, price being suppressed below EMA20 and EMA50, medium-term structure biased bearish.
Enter short near current price of 2.343, with stop loss placed above 2.355. First target below is 2.271, second target is 2.24 region. Risk-reward ratio 4:1, this trade is worth attempting.
View live market 👇 $ICPUSDT
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