A local trend line can be identified on the ICP chart. The bulls tried to break this trend line, but it ended up as a false break. After that, we see a continuation of the decline. Now the price could come down below the low and collect liquidity or try to break the trend line again and head upwards. In both cases, a breakdown of the trend line could be a good buying opportunity.
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P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
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