【$ICP Signal】Long | Downward accumulation completed, V-shaped breakout

$ICP Completed a V-shaped reversal on the 4-hour chart, with the price strongly rebounding from the low of 1.994, now breaking through previous high points of a series of candles. The market shows that selling pressure was fully absorbed during the decline, and the current funding rate of -0.0952% indicates excessive bearish sentiment, which is conducive to a rebound. Order book depth shows dense buy support in the 2.473-2.474 region.

🎯 Direction: Long

🎯 Entry: 2.470 - 2.480

🛑 Stop Loss: 2.420 ( Rigid Stop Loss )

🚀 Target 1: 2.650

🚀 Target 2: 2.800

Depth Logic: After testing the extreme low of 1.994, the price quickly recovers, forming a long lower shadow and closing with consecutive bullish candles. This is a typical buy-up behavior after panic selling. The 4-hour candlestick structure has broken above the downtrend line and stabilized above the moving averages, confirming the V-shaped reversal pattern. Negative funding rates provide potential fuel for short squeeze. As long as the price stays above 2.42, the rebound momentum will continue.

Trade here 👇 $ICP

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#Is the current market bottoming out or just waiting and watching?