【$ICP Signal】Pullback to Long! 1H Oversold Rebound + 4H Key Support Test

$ICP The 1H timeframe is oscillating narrowly between 2.275-2.305, RSI(1H) has reached 36.2 in the oversold zone, and the 4H price has already retested the EMA50(around 2.317). Short-term downward momentum is weakening, indicating a technical rebound is likely. Market depth shows buy orders (2.285-2.295) are significantly thicker than sell orders, with an imbalance rate of 9.26%, suggesting strong institutional support.

🎯Direction: Long (Long)

⚡Entry/Order: 2.295 - 2.305

🛑Stop Loss: 2.265

🚀Target 1: 2.365

🚀Target 2: 2.420

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and move the stop loss up to the entry price of 2.295. Trail the remaining position with a moving stop (e.g., if it breaks below 1H EMA20) to capture a larger rebound. If the price cannot hold above 2.315, consider exiting early.

Depth Logic: Open interest(OI) remains stable during price declines, indicating no panic buying rush. Negative funding rate(-0.0069%) combined with price stabilization at key support levels suggests potential for a short squeeze rebound. The 1H RSI shows early signs of bullish divergence, and buy orders concentrated between 2.285-2.295 form a solid defense line, providing a safety net for a short-term rebound.

View real-time market 👇 $ICP

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