【$ICP Signal】Long - 1H pullback confirmation, main force clearly protecting the market

$ICP The 1H timeframe is oscillating near the critical EMA20 moving average, with the price declining but open interest remaining stable, indicating not main force distribution but rather cleaning out weak hands. The 4H timeframe price is holding above the EMA50, with the structure intact, providing a basis for a short-term rebound. Currently, buy orders on the 1-hour candlestick are accumulating around 2.475, with selling pressure concentrated above 2.480. A breakout above this level will open up space.

🎯Direction: Long

⚡Entry/Order: 2.475 - 2.480

🛑Stop Loss: 2.455

🚀Target 1: 2.510

🚀Target 2: 2.535

🛡️Trade Management:

- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss up to the entry price. Hold the remaining position to aim for Target 2. If the price pulls back and breaks below the moving stop loss, exit all positions.

Order Book Logic: The price is declining but open interest remains stable. Coupled with negative funding rates, this looks more like passive long accumulation rather than a bearish collapse. The 1-hour RSI is approaching the midline of 50, indicating healthy momentum. The order book shows dense buy orders below 2.475, forming a short-term support wall, with clear intent from the main force to protect the market. The 4H EMA50 (around 2.442) is the last line of defense for the bulls. The current price is still far from this level, so risk is manageable.

View real-time market 👇 $ICP

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