ICP impulse, and a potential Great Short!

Jul 30, 2022

ICPUSDT
ICPUSD
ICPUSDT

Internet Computer (whatever that means) ICP had a massive move, 32%, on a tiny 3.4mil in Volume (not $, just tokens). This was a parabolic move, shorting ICP is high risk, as general stats are yet to show weakness.



General Stats:
Daily RSI: 63.35
Daily Volume % change: 150.20%

Setting up a Short trade, I'll see how it reacts to a recent Golden Pocket, 7.90 - 7.80

• Price must break below the GP
  
• Price retests GP and gets rejected
  

Short Entry around: 7.8

Short Target #1: 7.40
Short Target #2: 6.70
Short Target #3: 6.27