ICPUSDT - BULLISH OUTLOOK

ICPUSDT is exhibiting a bullish divergence on the 1-hour (1H) time frame, indicating a potential shift in the prevailing trend. The recent price action has seen a break above the last lower high, and the formation of higher highs and higher lows suggests a bullish continuation.

Here's a brief technical analysis and a suggested trading strategy:

Entry: Consider entering a long position at the current market price (CMP) or through a buy stop order around 11.40.

Stop Loss (SL): Place a stop loss order at 10.44 to manage risk effectively.

Take Profit (TP): Set take-profit levels to achieve a 1:1 and 1:2 risk-reward ratio:

TP1 = 12.36
TP2 = 13.32
This trading strategy aims to capitalize on the anticipated bullish trend continuation. Traders should remain vigilant, closely monitoring price developments and adjusting the strategy as needed based on market conditions.