【$ICP Signal】1H Level Rebound Trading, Sniping Oversold Rebound and Short Squeeze Opportunities

$ICP The 1H level is building a small platform in the 2.05-2.10 range, with the price attempting to stabilize above the 1H EMA20 (2.0927). Although the 4H level is still in a downtrend channel, the latest candlestick shows a long lower shadow, and combined with the negative funding rate (-0.0406%) and stable open interest, there is a potential for a short squeeze. Currently, the price is falling but open interest remains unchanged, indicating it’s not purely institutional selling but more like a liquidation of long positions.

🎯Direction: Long (Long)

🎯Entry/Order: 2.090 - 2.095 (Reason: Stabilizing above the 1H EMA20 and being the midpoint of the recent small platform )

🛑Stop Loss: 2.045 (Reason: Breaking below the 1H previous low of 2.055 and the ATR lower band )

🚀Target 1: 2.150 (Reason: Fibonacci 0.382 retracement of the previous 4H decline and recent high )

🚀Target 2: 2.200 (Reason: Strong resistance area near the 4H EMA50 (2.2363) )

🛡️Trade Management:

- Position Size Suggestion: Light (Reason: The 4H trend remains bearish; this is a counter-trend rebound trading, which carries higher risk )

- Execution Strategy: After reaching Target 1 at 2.150, reduce position by 50% and move stop loss to entry price 2.090. Hold the remaining position for Target 2. If the price stalls and pulls back near 2.150, exit all positions.

Deep Logic: Market depth shows unusually thick buy orders in the 2.07-2.08 area (large accumulated order volume), forming a strong support cushion. The 1H RSI (46) has exited the oversold zone and has room for upward correction. The key is whether the price can break through 2.101 with volume (recent 1H high). A breakout would confirm the rebound momentum. The negative funding environment persists, and a rebound could trigger a chain reaction of short covering.

View real-time quotes 👇 $ICP

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