shorting ICP
Conclusion
• Probability of weakening in the next 24 hours: ≈60% (medium to high); however, a common path is to first surge/fake breakout and then pull back, it is not recommended to blindly short near 9.3.
Key Price Level
• Resistance: 9.50–9.70 (intense selling pressure) | 9.80–10.05 (24h high point & integer level, prone to long upper shadow) | 10.35–10.45 (extreme sweep unit)
• Support (retracement from 7.55 to 9.81): 8.95 (38.2%) | 8.68 (50%) | 8.41 (61.8%)
Two shorting strategies (choose one to execute)
A｜Shorting at highs (right side is more convenient, but wait for the "rejection signal")
• Observation: In the 5-15 minute timeframe, a long upper shadow appears at 9.50-9.70 or 9.80-10.05 with no follow-through in volume on the rise/fake breakout pullback.
• Entry:
• ① 9.55–9.65 shorting 50%
• ② If there is a false breakout when it breaks 9.90–10.05, then short 30%
• ③ Extreme drop to 10.35±0.1 and then immediately rebound, followed by an additional 20%.
• Stop loss: one cut above 10.45 (do not add positions and hold firm).
• Take Profit: Reduce to break even at 9.30 → Significantly reduce at 9.05–8.95 → Gradually take profits at 8.68 / 8.41.
B｜Shorting after the break confirmation (more stable on the left side)
• Trigger: Effectively breaks below 9.05–9.10 and does not retrace above 9.10.
• Entry: 8.95–9.02 shorting in batches.
• Stop-loss: above 9.22.
• Take profit: 8.68 → 8.41, leave a trailing position to watch around 8.10.
Margin Call / Stop Loss Details
• Only add positions at the planned higher resistance level when a clear weakening pattern appears (long upper shadow/fake breakout/volume decline).
• It is strictly prohibited to increase positions while in a losing situation.
• Passive breakout: A scheme breaks above 10.45, B scheme breaks above 9.22——immediate stop loss, wait for the next formation.
Position and Leverage
• Recommended leverage ≤10x, with a single transaction risk control of 0.5–1% of total funds.
• Reduce positions at each target level in a timely manner and move the stop loss to breakeven to prevent profit retracement.
Operation
• First, look at BTC and the market: if BTC continues to rise, prioritize preventing "another spike."
• Signal Priority: Rejection above > Break confirmation > Median shorting (try to avoid).
• First strong support at 8.95. If it breaks through in one go and fails to pull back, the shorts will have an easier time.🔥🔥#加密市場回調 #İCP #$BTC $ICP
Conclusion
• Probability of weakening in the next 24 hours: ≈60% (medium to high); however, a common path is to first surge/fake breakout and then pull back, it is not recommended to blindly short near 9.3.
Key Price Level
• Resistance: 9.50–9.70 (intense selling pressure) | 9.80–10.05 (24h high point & integer level, prone to long upper shadow) | 10.35–10.45 (extreme sweep unit)
• Support (retracement from 7.55 to 9.81): 8.95 (38.2%) | 8.68 (50%) | 8.41 (61.8%)
Two shorting strategies (choose one to execute)
A｜Shorting at highs (right side is more convenient, but wait for the "rejection signal")
• Observation: In the 5-15 minute timeframe, a long upper shadow appears at 9.50-9.70 or 9.80-10.05 with no follow-through in volume on the rise/fake breakout pullback.
• Entry:
• ① 9.55–9.65 shorting 50%
• ② If there is a false breakout when it breaks 9.90–10.05, then short 30%
• ③ Extreme drop to 10.35±0.1 and then immediately rebound, followed by an additional 20%.
• Stop loss: one cut above 10.45 (do not add positions and hold firm).
• Take Profit: Reduce to break even at 9.30 → Significantly reduce at 9.05–8.95 → Gradually take profits at 8.68 / 8.41.
B｜Shorting after the break confirmation (more stable on the left side)
• Trigger: Effectively breaks below 9.05–9.10 and does not retrace above 9.10.
• Entry: 8.95–9.02 shorting in batches.
• Stop-loss: above 9.22.
• Take profit: 8.68 → 8.41, leave a trailing position to watch around 8.10.
Margin Call / Stop Loss Details
• Only add positions at the planned higher resistance level when a clear weakening pattern appears (long upper shadow/fake breakout/volume decline).
• It is strictly prohibited to increase positions while in a losing situation.
• Passive breakout: A scheme breaks above 10.45, B scheme breaks above 9.22——immediate stop loss, wait for the next formation.
Position and Leverage
• Recommended leverage ≤10x, with a single transaction risk control of 0.5–1% of total funds.
• Reduce positions at each target level in a timely manner and move the stop loss to breakeven to prevent profit retracement.
Operation
• First, look at BTC and the market: if BTC continues to rise, prioritize preventing "another spike."
• Signal Priority: Rejection above > Break confirmation > Median shorting (try to avoid).
• First strong support at 8.95. If it breaks through in one go and fails to pull back, the shorts will have an easier time.🔥🔥#加密市場回調 #İCP #$BTC $ICP
