【$ICPUSDT】Institutional Trading Strategy Analysis

$ICPUSDT During regular intraday fluctuations, price just touched the Bollinger upper band at 2.4226, but the 4-hour MACD is still struggling below zero, with obvious momentum discontinuity on the bullish side. The 1-hour RSI surged to 59.54, with buying momentum beginning to cool down—chasing longs at this level is throwing money away. Sell walls are accumulating from 2.416 above, with weak intention to support the price. The 4-hour K-line bodies are getting smaller, a typical stagnation structure. Position size is stable but price won't move higher, indicating the main players are distributing.

Direction: Short
Entry/Pending Order: Short directly at current price 2.411, aggressively add on dip at 2.416
Stop Loss: 2.428
Target 1: 2.365
Target 2: 2.342
Trade Management: Reduce position by half at first target, move remaining to breakeven, risk-free play for lower space. Risk-reward ratio exceeds 7:1, this trade is worth trying.
View live market 👇 $ICP
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