ICP: Trap Warning - Why shouldn't you invest money right now?

2026-01-31 11:12:47

Abstract generation in progress

The ICP market is currently sending clear warning signals. With the current price at $2.93 and a -4.00% decrease over 24 hours, this is the time for investors to be extremely cautious. Many will fall into the common trap seen in situations like this – rushing in when they see false “rebound” signals.

Classic Lower High Formation Emerging

ICP is showing a typical lower high (lower high) structure – one of the strongest bearish patterns in technical trading. The bears are in control below the resistance trendline. If you see the price start to recover slightly, that’s the trap – a bait designed to cause impulsive traders to incur losses.

Downward Resistance – The Bears’ Stronghold

The resistance zone at 4.6 plays a crucial role. It’s not going to be broken immediately – in fact, the bears are actively defending this area. Only a clean and confirmed break above 4.6 should prompt you to consider opening a buy position. If support at 3.3 is broken, we will witness a further sharp decline.

The Only Strategy: Patience and Waiting

The current trend is downward, and “the trend is your friend” until it breaks. Chasing buy orders now is not a smart decision – it’s high risk. The wisest action is to wait for a clear confirmation from the market. Don’t fall into this trap. Let the market prove it has changed before you act.

ICP3,29%

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