【$ICP Signal】Pullback to add longs + 1H level retest confirmation, clear signs of main force supporting the market

$ICP The 1H level is oscillating within a narrow range above the critical support zone (2.372-2.384), which is a healthy retracement after the previous 4H rally. The 4H level has stabilized above the EMA50 (2.344), indicating the trend remains intact. The 1H RSI (44.57) has retreated from the overbought zone and is approaching stabilization. Market depth shows unusually thick buy orders in the 2.372-2.377 range, a clear signal of main force supporting the market.

🎯Direction: Long (Long)

⚡Entry/Order: 2.372 - 2.384 (based on suggested entry zone, retest after pullback)

🛑Stop Loss: 2.345 (break below 4H EMA50 and previous low structure)

🚀Target 1: 2.450

🚀Target 2: 2.500

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and move stop loss to the entry price (break-even). Trail the remaining position with a stop loss; if the price retraces and breaks the trailing stop line, exit all positions.

Depth Logic: Although the latest 1-hour candlestick buy ratio (0.40) is relatively weak, the overall open interest (OI) remains stable and has not significantly decreased with the price retracement, indicating that long positions are not panicking and exiting. Combined with the negative funding rate (-0.0241%) and dense buy wall below, there is potential for a short squeeze. The 1H level is building a potential bullish flag or triangle convergence, waiting for a volume breakout above the previous high of 2.426.

View real-time market 👇 $ICP

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