【$ICP Signal】Two-way Order Battle! 1H Oversold Rebound vs 4H Downtrend, Catching the Breakout Point

$ICP The 1H timeframe is in an extremely oversold state (RSI 27.65), with the price forming a short-term support level in the 2.187-2.197 range. The 4H timeframe shows a clear downward channel, with a bearish trend. Currently, bulls and bears are fiercely contesting around 2.20. There is a technical rebound demand on the 1H chart, but caution is needed due to 4H trend resistance. Open interest remains stable, and the negative funding rate of -0.0752% indicates bearish sentiment, but panic selling has not occurred. This is a typical convergence at the end, about to choose a direction.

🎯Direction: Wait and see (Order ) - Wait for confirmation of the direction

⚡Order Strategy (Preparing for Both Sides):

1. 【Breakout Long Entry】If the price stabilizes and breaks above 2.230, go long. Reason: Breaks through the 1H EMA20 (2.251) resistance zone, confirming the start of a 1H rebound momentum.

2. 【Pullback to Long】If the price retraces and stabilizes in the 2.180-2.185 area, go long. Reason: Testing the lower edge of the recent strong support level, combined with potential 1H RSI bullish divergence.

🛑Stop Loss (Universal for Longs): 2.165. Reason: Falling below the recent strong support level, indicating continuation of the bearish trend.

🚀Target 1 (Long): 2.280. Reason: Resistance at the previous small platform on the 4H chart.

🚀Target 2 (Long): 2.330. Reason: Resistance at the 4H EMA20 (2.327).

🛡️Trade Management:

- Position Size Suggestion: Light. Reason: The trend is unclear, and this is a left-side battle with higher risk.

- Execution Strategy: If a long position is triggered, reduce 50% of the position after reaching Target 1, and move the stop loss to the entry price. Hold the remaining position to aim for Target 2. If the price cannot quickly move away from the cost basis (e.g., remains within ±1% of the entry price within 1 hour), consider closing the position.

Deep Logic: The order book shows buy depth significantly thicker than sell depth (bid_ask_ratio_depth: 1.38), but the latest large bearish candle indicates heavy sell pressure (is_taker_buying: false). The key contradiction is: the 1H oversold condition suggests a rebound demand, but the 4H downtrend remains intact. In a negative funding rate environment, open interest has not decreased, indicating that bears have not exited en masse. The rebound may face bear traps. The best scenario is a slight dip to test 2.18 to lure in shorts, then a quick rally back, forming a 1H W-bottom or RSI bullish divergence, which would strengthen the rebound.

Check real-time market 👇 $ICP

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