$ICP /USDT Trading Signal - Monitoring Key Levels

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urrent Price: $12.117 (-2.96%)

24h High: $12.741

24h Low: $12.031

24h Volume: 1.88M ICP

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Market Overview

$ICP has experienced a retracement after hitting a high of $12.741, with the current price stabilizing around $12.11. This correction could lead to either a further breakdown or a potential bounce depending on the broader market sentiment.

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Trading Plan (1H Timeframe)

Bullish Scenario:

Entry Zone: $12.10 - $12.25

Targets:

T1: $12.50

T2: $12.74

T3: $13.00

Stop Loss: $11.95

Bearish Scenario:

Entry Zone: Below $12.00

Targets:

T1: $11.80

T2: $11.50

Stop Loss: $12.15

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Technical Insights

MACD: Bearish crossover but near zero, suggesting limited momentum.

RSI: Neutral, offering room for movement in either direction.

Support Levels: $12.00 and $11.80.

Resistance Levels: $12.50 and $12.74.

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Strategy Recommendations

Watch for a breakout above $12.25 for a bullish move.

Manage risk tightly with stop losses given current market uncertainty.

Monitor volume spikes for confirmation of trend direction.

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