#ICP Long Liquidation Alert
Around $6.58K in long positions just got liquidated on ICP at $2.39701.
That means some traders were expecting upside continuation, but the market dipped and cleared them out. When longs get liquidated, their positions are force-closed — which adds extra selling pressure in the short term.
What does this signal?
This looks like a small liquidity sweep.
Not a huge number, but enough to show that leverage on the long side was building up — and the market corrected it.
Now the key question is whether this was just a quick shakeout… or the start of a deeper pullback.
Levels to watch 👀
• If ICP holds above $2.38 – $2.40, we could see stabilization and a possible bounce.
• If that zone breaks with momentum, next area to watch could be around $2.30 – $2.32.
Smart approach here:
• Avoid revenge trading
• Wait for confirmation candles
• Watch volume closely
• Keep leverage low
Liquidation events create volatility — but they also create opportunity for disciplined traders.
Is ICP about to bounce from here, or do you expect more downside? 📉📊
#ICP #Crypto #Liquidation #Trading #MarketUpdate