ICP Trading Plan: Buying Dips with a 1:3 Risk-Reward Ratio
Like most altcoins, ICP has been declining since December. At the beginning of February, it reached a key support level around $6. After this drop, the coin began to consolidate, but recent price action suggests a potential reversal to the upside.
A confirmed breakout above $7 would strengthen this outlook, potentially leading to a test of the psychologically significant $10 level.
I’m looking to buy dips in anticipation of this scenario, aiming for a minimum risk-to-reward ratio of 1:3.
A confirmed breakout above $7 would strengthen this outlook, potentially leading to a test of the psychologically significant $10 level.
I’m looking to buy dips in anticipation of this scenario, aiming for a minimum risk-to-reward ratio of 1:3.
📈 Forex & XAU/USD Channel:
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💎 Crypto Channel:
t.me/FanCryptocurrency
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.