2026-02-24 10:32:15

【$ICP Signal】Ambush Rebound! 1H Level Bottoming Complete, Negative Funding Rate + Buying Support, Sniping Short Squeeze!

$ICP The 1H level has formed a double bottom structure in the 2.01-2.02 area and has already broken above the EMA20 (2.0548). Although the 4H level is in a downtrend channel, open interest remains stable, with a negative funding rate as high as -0.055%, meaning bears need to pay high costs. Combined with the latest 1H candlestick buy ratio reaching 62%, there is a potential for a short squeeze rebound. The order book shows buy orders stacking in the 2.045-2.05 range (over 100,000 USDT), providing strong support.

🎯Direction: Long (Long)

🎯Entry/Order: 2.055 - 2.06 (Reason: Steady above 1H EMA20, breaking through recent small platform )

🛑Stop Loss: 2.01 (Reason: Break below 1H double bottom structure, bears regain control )

🚀Target 1: 2.12 (Reason: Resistance from previous 4H high and EMA20 pressure )

🚀Target 2: 2.18 (Reason: Neckline extension of potential 1H head and shoulders bottom pattern )

🛡️Trading Management:

- Position Size Suggestion: Light Position (Reason: 4H trend remains bearish, this is a counter-trend rebound play )

- Execution Strategy: After the price reaches 2.10, move the stop loss up to the entry price of 2.06. After reaching Target 1, reduce position by 50%, and trail the remaining position with a protective stop to watch for Target 2. If the price cannot quickly break through 2.065 after entry, consider exiting early.

Deep Logic: Price declines but open interest remains stable, indicating not major liquidation but more passive closing by longs. In a negative funding rate environment, if the price stabilizes, short covering will accelerate the rebound. The 1H RSI (49.31) has exited the oversold zone and turned upward, and buy depth below 2.05 is unusually thick, fueling the rebound. The key is whether volume can break through the immediate sell pressure zone at 2.065.

View real-time quotes 👇 (
---

Follow me: Get more real-time analysis and insights into the crypto market! )$ICP
$BTC

ICP7,53%

BTC3,27%

ETH3,83%

SOL6,7%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.