$ICP I’m watching this because price swept the local low near 4.17, snapped back fast, and now it’s building a base instead of bleeding lower.

Market read

On the 15m chart, we saw a push to 4.81, then a sharp drop that ended with a clear wick into 4.17. That low looks like a liquidity grab. Since then, price reclaimed 4.30 and started printing higher lows around the base. This is the kind of spot where a bounce can extend, but only if buyers keep defending the 4.20 to 4.30 zone. If that base fails, it can slide back to the low sweep area again.

Entry point

EP1 4.24 to 4.30 (dip into the base, best risk)

EP2 4.34 to 4.40 (only if it breaks above 4.30 and holds with follow through)

Target point

TP1 4.42

TP2 4.56

TP3 4.70

Stop loss

SL 4.12 (below the 4.17 sweep, if this breaks the setup is invalid)

How it’s possible

The drop into 4.17 likely cleared weak longs and stops, then the reclaim back above 4.30 shows buyers stepped in. If price keeps forming higher lows, the next move usually targets the nearest supply levels first, 4.42 then 4.56. If momentum stays strong and volume supports it, 4.70 becomes the stretch target near the previous distribution zone.

Let’s go and Trade now $ICP