ICP Consolidation
The price action was kind of messy after the most recent peak. It’s currently shaping up to make another move higher, at least that’s what it looks like to me.
I don’t follow the technology of ICP but I know it’s been extremely beaten down.
My short term target is roughly $25
If it breaks through $25 and finds support on the downward facing channel, the move could be much higher.
Although, it’s unlikely to break through only because it line up with some major resistance.
So with that said, I’m taking everything off the table at that price point.
That’s the type of trader I have molded into thanks to trading the crypto markets the past 5 years.
I’m not saying this is the correct or only way to play this, I could obviously take half and wait and see. I might change how much I take depending on the speed of price movement.
My targets are fixed on the downward channel and price and time are the only things that change.
Nothing here is investment advice!
I’m currently trading these thoughts of mine with real money.
I don’t follow the technology of ICP but I know it’s been extremely beaten down.
My short term target is roughly $25
If it breaks through $25 and finds support on the downward facing channel, the move could be much higher.
Although, it’s unlikely to break through only because it line up with some major resistance.
So with that said, I’m taking everything off the table at that price point.
That’s the type of trader I have molded into thanks to trading the crypto markets the past 5 years.
I’m not saying this is the correct or only way to play this, I could obviously take half and wait and see. I might change how much I take depending on the speed of price movement.
My targets are fixed on the downward channel and price and time are the only things that change.
Nothing here is investment advice!
I’m currently trading these thoughts of mine with real money.
Penafian
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