💬 My Take:
The project has been overlooked for a while, but the current price structure suggests the story might not be over yet.
Price action looks like it's setting up for a potential next leg — the only question is when the trigger comes.
🎯 Conclusion:
The market isn't giving a clear signal yet — but this zone is worth watching, offering a solid risk/reward setup for those entering now.
Still, keep in mind: if the bearish scenario plays out, ICP could revisit the autumn 2023 lows. That risk must be factored into your strategy.
The project has been overlooked for a while, but the current price structure suggests the story might not be over yet.
Price action looks like it's setting up for a potential next leg — the only question is when the trigger comes.
🎯 Conclusion:
The market isn't giving a clear signal yet — but this zone is worth watching, offering a solid risk/reward setup for those entering now.
Still, keep in mind: if the bearish scenario plays out, ICP could revisit the autumn 2023 lows. That risk must be factored into your strategy.
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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.
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.