Cryptorphic

#ICPUSDT Breaking out, Worth a shot?

Panjang
BINANCE:ICPUSDT.P   ICP / TetherUS PERPETUAL CONTRACT
Welcome to this quick trade setup.
ICP broke out of the orange falling wedge channel inside the larger channel.
If we zoom out you can see a bounce on the support trendline VOLUME IS LOOKING GOOD too.
Many indicators point towards reversal signs.

The strategy is to accumulate at lower levels by buying at every dip.

ENTRY: $15.47 to $17.54

Targets:-
$21.88
$29.83
$34.52
$40.12
$55.32
$81.33
$121.30

Stop Loss:- $14.77

Do your own research before investing, I am not a financial advisor.
Keep in mind this is a long-term
view and it can change as per market conditions.
If you want me to post more trade setups, do hit the like button and share your views in the comments section.


Thank you

#PEACE

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Penafian

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