$ICP /USDT BEARISH PULLBACK SETUP
ICP has slipped from recent highs and is currently trading below the mid-range structure, signaling weakness. The rejection near upper resistance combined with declining momentum suggests bears are in control. If price fails to reclaim the breakdown zone, further retracement toward lower support levels is likely.
Short positions remain favorable while price stays under the violated resistance band. Market structure indicates a corrective phase with potential for continuation downside.
Short Entry:
โข Enter on failed retest of breakdown zone
Targets (TP):
โข TP1: First demand zone
โข TP2: Lower support pocket
โข TP3: Major downside liquidity area
Stop-Loss (SL):
โข SL above recent rejection wick
Risk Management:
Limit exposure to 1โ2% per trade; trail stops once TP1 is reached; avoid over-leveraging.
#marketstructure #cryptoanalysis #trendbreak #bearishsetup #riskcontrol $ICP