🌐 ICP/USDT – Major Layer 1 Token at MA60 Inflection Point
Spot Trading | Binance
📊 Current Stats:
Price: $3.624 (-1.71% today)
24h High/Low: 3.786 / 3.517
24h Volume (USDT): 17.06M
MA60: $3.621 (Immediate Pivot)
Category: Layer 1 / Layer 2
📈 Technical Context:
Price is coiling around MA60 – a decisive close above or below will signal the next directional move.
Volume is well below MA(5) & MA(10), indicating low momentum and potential for a volatility expansion.
Short-term bias is neutral, awaiting a breakout confirmation.
🎯 Trading Setup (Two-Scenario Approach):
Scenario 1 – Breakout Long (if MA60 holds as support)
Entry: Above 3.640 (confirmation of strength)
TP1: 3.720
TP2: 3.800
TP3: 3.880
SL: 3.580
Scenario 2 – Rejection Short (if MA60 acts as resistance)
Entry: Below 3.610 (break of MA60 support)
TP1: 3.550
TP2: 3.490
TP3: 3.430
SL: 3.660
⚠️ Risk Note:
ICP is a major Layer 1 token with high volatility – monitor broader market sentiment.
Low current volume suggests indecision – wait for a clear breakout with increasing volume.
Not financial advice. Use strict stop losses and appropriate position sizing.
