📈
🔹 Asset: Internet Computer (ICP/USD)
🔹 Timeframe: 30-Minute Chart
🔹 Setup Type: Trendline Retest + Bullish Continuation
📌 Trade Plan (Long Position)
✅ Entry Zone: Around $5.60 (Trendline + yellow support retest)
✅ Stop-Loss (SL): Below $5.53 (Wick zone + support break)
🎯 Take Profit Targets
📌 TP1: $5.72 – Local resistance (yellow line)
📌 TP2: $5.80 – Prior swing high
📌 TP3: $5.94 – Previous breakout zone
📊 Risk-Reward Estimation
📉 Risk: $5.60 - $5.53 = $0.07
📈 Reward to TP2: $5.80 - $5.60 = $0.20 → R:R ≈ 1:2.85 ✅
🔍 Technical Highlights
📌 Price bouncing from strong ascending trendline
📌 Bullish candle showing recovery at yellow zone
📌 Breakout retest structure playing out
📌 Good volume holding above lower support
🧠 Execution Strategy
📊 Enter after candle confirms bounce (green engulfing preferred)
📉 SL just under trendline at $5.53
💰 TP1 for safe profits, TP2 for continuation, TP3 for trend move
🚨 Invalidation Risk
❌ Close below $5.53 = exit, setup fails
❌ Breakdown with red volume = avoid entry
🚀 Final Take
✔ Solid bounce zone
✔ Higher timeframe uptrend support
✔ Controlled risk, multi-target reward
🔹 Asset: Internet Computer (ICP/USD)
🔹 Timeframe: 30-Minute Chart
🔹 Setup Type: Trendline Retest + Bullish Continuation
📌 Trade Plan (Long Position)
✅ Entry Zone: Around $5.60 (Trendline + yellow support retest)
✅ Stop-Loss (SL): Below $5.53 (Wick zone + support break)
🎯 Take Profit Targets
📌 TP1: $5.72 – Local resistance (yellow line)
📌 TP2: $5.80 – Prior swing high
📌 TP3: $5.94 – Previous breakout zone
📊 Risk-Reward Estimation
📉 Risk: $5.60 - $5.53 = $0.07
📈 Reward to TP2: $5.80 - $5.60 = $0.20 → R:R ≈ 1:2.85 ✅
🔍 Technical Highlights
📌 Price bouncing from strong ascending trendline
📌 Bullish candle showing recovery at yellow zone
📌 Breakout retest structure playing out
📌 Good volume holding above lower support
🧠 Execution Strategy
📊 Enter after candle confirms bounce (green engulfing preferred)
📉 SL just under trendline at $5.53
💰 TP1 for safe profits, TP2 for continuation, TP3 for trend move
🚨 Invalidation Risk
❌ Close below $5.53 = exit, setup fails
❌ Breakdown with red volume = avoid entry
🚀 Final Take
✔ Solid bounce zone
✔ Higher timeframe uptrend support
✔ Controlled risk, multi-target reward
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.
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.