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Does this look like a trap or a breakout to you?
$ICP has been bouncing around this range for a while, but that recent push up to 2.538 is actually looking decent. We finally saw a solid floor form around 2.148, and now it’s making a serious attempt to reclaim those previous highs.
The daily candles are showing some strength, but we really need to clear that resistance level around 2.637 to get any real momentum going. If you check the order book, there’s nearly 70\% buying pressure right now, so the bulls are definitely trying to take control.
Volume is okay, nothing crazy yet, but the price action is respecting the levels. I’m watching to see if we can hold 2.460 as support on any pullback.
Are we heading back to 3 or is this just another rejection?
#WCTCTradingChallengeShare8MUSDT