【$ICP Signal】Short squeeze rebound, pull back to add longs

$ICP After a long-term downtrend, the price is forming a volume-supported rebound at a low level. The funding rate is -0.0579% (negative), but open interest remains stable. Combined with rising buy volume ratio, this is a typical early-stage short squeeze (Short Squeeze) characteristic, rather than a simple rebound.

🎯 Direction: Long

🎯 Entry: 2.38 - 2.40

🛑 Stop Loss: 2.28 ( Break below previous low and ATR lower band, rigid stop loss )

🚀 Target 1: 2.55

🚀 Target 2: 2.70

Market analysis: Price has broken above the EMA20 (2.383), which is the first time in nearly a month, signaling a short-term trend reversal. The 4H chart shows consecutive bullish candles with increased volume, and the last candle’s buy volume ratio is 0.55, indicating active buying pressure.

Core logic: Depth imbalance at 7.52%, buy orders are significantly thicker than sell orders, indicating institutional support and accumulation at key levels. With a negative funding rate, short positions face squeeze risk. Any pullback that does not break previous support (2.33-2.35) will fuel short covering.

RSI at 54.12 is in a healthy zone, far from overbought, leaving room for further upside. Entry zone is at the previous high resistance turned support and EMA20 confluence area, with a risk-reward ratio >2.5, making risk manageable.

Trade here 👇 $ICP

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