【$ICP Signal】Long - 1H breakout pullback confirmation, main force clearly intends to support the market

$ICP The 1H timeframe is consolidating strongly above EMA20, just tested the previous high of 2.577 and stabilized. The 4H timeframe has broken above the downtrend line, forming a higher low structure, indicating a trend reversal to bullish. The current price is supported near the 1H EMA20, and open interest remains stable, showing that the rise is not driven by short covering but by funds supporting the market.

🎯 Direction: Long

⚡ Entry/Order: 2.548 - 2.555

🛑 Stop Loss: 2.495

🚀 Target 1: 2.620

🚀 Target 2: 2.680

🛡️ Trading Management:

- Execution Strategy: When the price reaches 2.620, reduce position by 50%, and move the stop loss of the remaining position up to the entry price of 2.555. If the price strongly breaks through 2.620 and stabilizes, you can retain part of the position to aim for the second target.

Depth Logic: The 1-hour chart shows substantial buy depth, with limited selling pressure during pullbacks. RSI on the 1H is around 57, with healthy momentum and not in overbought territory. The 4-hour price has already risen above all short-term moving averages, and EMA20 is beginning to turn upward. In a negative funding rate environment, the price remains resilient, and open interest is stable, indicating potential for short squeeze. The support at 2.495 below is a confluence zone of multiple 4H supports and EMA50, serving as a strong defense level.

View real-time market 👇 $ICP

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