🌪️ Cyclone $ICP .. Are we starting to bounce back?
Guys, this is my personal analysis, you need to study the market before entering, always manage your risks and liquidity, and stick to stop losses.
After $ICP dropped and touched the bottom at $3.407, it started to show its fangs and bounced above the moving averages (MA7 and MA25). Green candles started to appear clearly on the 30-minute frame.
🎯 Our targets on the go:
• Current price: $3.508.
• First station: $3.562 (MA99 resistance zone).
• Highest target in the frame: $3.631.
• Stop loss (SL): any close below $3.400 we say "I did what I could" and we exit.
📊 Technical reading:
The RSI index rose to levels of 56, and this gives us the impression that buying momentum has regained control of the arena. The MACD gave us a positive crossover with clear green bars, indicating that the bounce is currently technically supported.
⚠️ Very important alert: sticking to stop losses is very essential, the market doesn't joke and you must protect your portfolio and manage your liquidity properly!
What do you think, guys? Is $ICP aiming for $4 soon or does it still need a "shake"? 👇 Share your predictions with us!
