ICPUSD – Trading the Range with Precision

Since December last year, ICP has been in a persistent downtrend, sliding from 15 USD to below 5 USD. Sellers have clearly dominated the longer-term picture.

However, after establishing April’s low, the market transitioned into a well-defined sideways range between 4.5 and 6.2 USD. This type of consolidation after a heavy decline often signals a pause – and can present trading opportunities within the boundaries.

Right now, ICPUSD is once again testing the bottom of this range near 4.5. From a tactical perspective, this creates a favorable setup: by entering long positions at the range low, we can aim for the upper boundary with a 1:3.5 risk-to-reward ratio.

Trading Plan:
• ✅ Favor long positions near 4.5 USD
• 🛑 Place a tight stop-loss just below range support
• 🎯 First target: 6.0 – 6.2 USD, the upper range resistance

Conclusion: Until ICPUSD breaks decisively below support, the range remains intact. I favor buying dips with disciplined risk management, targeting the 6 USD area for a clean swing trade setup. 🚀