The sell side liquidity was taken and then very swiftly price surged more than 350%. Here is a crossroad for buyers asking the question such as should I buy here at this point? The answer is YES if you don't mind price retracing to discount ($7.55 - 6.30) and DCAing at discount again especially if you're having FOMO (fear of missing out) and NO if you are a conservative and a patient trader waiting to enter at the discount price (retracement - 50-60% Fibonacci level).
Either way, what is worth noting is that
ICPUSDT fall from grace -99.90% from it all time high (ATH) and on this ALT SEASON, based on price action, a retracement to at least 38 - 50% Fibonacci golden level which is approximately 200 - 500% from current price is very possible.I will keep updating as price develops, stay tuned.
OTHER ANALYSIS
Note
ICPUSDT growth since my post is over 30% and I believe we are just getting started
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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.