【$ICP Signal】Pullback to go long / Main force supports the market, 1H level gathering strength for launch

$ICP The 1H level is currently consolidating with decreasing volume around a critical support zone, with the price pulling back to the confluence support of the 4-hour EMA50 and 1-hour EMA20. Although the price has slightly declined, open interest remains stable, and buy-side depth is significantly better than sell-side, indicating that the main force has not exited but is actively supporting the market at this price level. The 1-hour RSI is approaching the midline of 50, and momentum is about to choose a new direction.

🎯 Direction: Long

⚡ Entry/Order: 2.531 - 2.545

🛑 Stop Loss: 2.495

🚀 Target 1: 2.595

🚀 Target 2: 2.635

🛡️ Trading Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and move the stop loss up to the entry price of 2.545. The remaining position aims for Target 2. If the price encounters resistance and falls back near Target 1, close all positions for profit.

Depth Logic: The price is declining but open interest remains stable. Coupled with negative funding rates, this looks more like a bullish shakeout rather than main force distribution. Market depth shows substantial buy orders accumulated in the 2.527-2.537 range, forming a strong support. The 1-hour candlestick is consolidating at a key support level with decreasing volume, a typical pre-reversal sign of accumulation. The 4-hour timeframe remains in an upward channel, and the trend has not broken, making this an excellent reversal point for bulls.

View real-time market 👇 $ICP

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