ICP sell/short setup

Jan 24

A large degree triangle is finished. A pattern of the same degree as this triangle is expected to form. That means we will see correction both in time and price.

We are looking for sell/short transactions in the SUPPLY range.

The targets are marked on the chart.

Closing a daily candle above the red range will violate the analysis

For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You

Jan 28

Trade active

We have added the updates to the chart in yellow color so that they can be seen easily.

The first move of this analysis was done well and the price rose and reached our specified supply and even broke the supply, but we still believe that ICP will drop ahead.

We updated the invalidation level. This analysis is violated when a daily candle closes above this level.