【$ICP Signal】Bidirectional Pending Orders Hidden! 1H Triangle Convergence Ending, Imminent Reversal

$ICP The 1H timeframe is at the very end of an extremely compressed triangle convergence, with price oscillating narrowly between $2.283 and $2.311. The 4H timeframe remains in a downtrend channel, but the RSI (40.46) on the 1H chart shows signs of bullish divergence, and open interest (OI) remains stable with no signs of panic selling. The current price of $2.294 is just below the 1H EMA20 ($2.319), indicating a typical pre-reversal scenario. Market logic suggests a decline, but stable OI indicates this is more likely a shakeout after a long squeeze rather than a main force distribution. The order book imbalance of 1.56% shows slightly more selling pressure, but there are heavy buy orders stacked in the $2.275-$2.285 range, forming a strong support.

🎯 Direction: Wait and see (Bidirectional Pending Orders)

⚡ Breakout Long Entry: $2.312 ( Reason: Breaks above the 1H triangle upper trendline and EMA20 resistance, confirming bullish momentum )

⚡ Pullback Long Entry: $2.278 ( Reason: Rebounds to strong support zone of the 4H previous low, combined with heavy buy orders )

🛑 Stop Loss (Long): $2.255 ( Reason: Break below dense support zone and ATR lower band )

🚀 Target 1 (Long): $2.35 ( Reason: 4H EMA20 resistance and previous small platform )

🚀 Target 2 (Long): $2.39 ( Reason: 4H previous high and Fibonacci 0.382 retracement level )

🛡️ Trading Management:

- Position Size Recommendation: Light position ( Reason: Market direction is unclear, this is a left-side game with higher risk )

- Execution Strategy: Once any pending order is triggered, if the price quickly moves in the opposite direction and hits the other pending order, automatically hedge or cancel the other order. After reaching Target 1, reduce position by 50% and move stop loss to entry price.

Deep Logic: The current 1H candle has a very small body, and volatility (ATR 0.064) is compressed to the limit — a calm before the storm. Negative funding rate (-0.0368%) suggests bears are dominant, but if the price does not fall, it could easily trigger a short squeeze. The key is OI change: if OI rises along with a breakout, it signals a genuine breakout. The buy wall at $2.275 is the main force’s defense line; breaking below it would damage the short-term structure.

Trade here 👇 $ICP

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