$ICP This wave of decline— the data already says it all.

The liquidation data from the past 24 hours is quite interesting: the amount liquidated from longs is over 50 times that of shorts. What does this ratio mean? Market sentiment is extremely skewed to one side.

There are still quite a few people trying to catch the bottom and go long on some platforms. But the problem is, when the trend is this obvious, counter-trend trades often come at a high cost.

From a technical perspective, with the current price around 4.98, if you agree with this downward trend, this level could be considered for opening short positions. For a more aggressive approach, waiting for a rebound to 5.1 or even 5.2 before entering might offer a better risk-reward ratio.

Suggested stop loss is set at 5.3—if the price breaks through this level, it indicates the market structure might be changing, and it’s necessary to cut losses and admit mistakes in a timely manner.

Target is set at 3.5. This is not a random number, but is based on current momentum and support level analysis.

Here’s a summary of the specific strategy:

• Direction: Mainly short, add on rebounds
• Entry points:
- Around current price of 4.98, open initial position
- 5.10-5.20 range on a rebound is a more ideal area to add positions
• Stop loss: 5.30, this is the defensive bottom line
• Target: $3.5

There’s a saying: when the train is headed toward the abyss, smart people don’t try to stop it—they go with the flow. The bearish momentum for $ICP is still continuing, and the short logic currently prevails.

Trading is essentially a game of probabilities. What we need to do is strike decisively when high-probability opportunities arise.

Given the current market environment, the logic for a short strategy is quite solid. The data is there—execution is all that’s left.