【$ICP Signal】Empty Position + Downtrend Continuation Pattern

$ICP After a volume-driven decline, the price enters a narrow consolidation, which is a typical downtrend continuation pattern, not a bottoming formation.

🎯 Direction: Empty Position (NoPosition)

Market Logic: A single long bearish candle on the 4H chart (volume of 4.11 million, buy order ratio only 48%) directly breaks through the previous consolidation platform, indicating that bears are in control. The subsequent two rebound candles lack strength, with the high point limited by the middle of the bearish candle (~2.44), and the latest candle's buy order ratio drops to 40%, showing very weak active buying during the rebound. Open interest remains stable but prices are falling, combined with order book sell orders (above 2.42) being heavy, forming immediate resistance. The current consolidation is a bear’s breath, not a bull’s accumulation, and the probability of a downward break is much higher than a reversal.

Trade here 👇 $ICP

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