Short

ICP impulse, and a potential Great Short!

Internet Computer (whatever that means) ICP had a massive move, 32%, on a tiny 3.4mil in Volume (not $, just tokens). This was a parabolic move, shorting ICP is high risk, as general stats are yet to show weakness.

General Stats:
Daily RSI: 63.35
Daily Volume % change: 150.20%

Setting up a Short trade, I'll see how it reacts to a recent Golden Pocket, 7.90 - 7.80

Price must break below the GP
Price retests GP and gets rejected

Short Entry around: 7.8

Short Target #1: 7.40
Short Target #2: 6.70
Short Target #3: 6.27

WhoIsWu

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.

WhoIsWu