【$ICP Signal】Long - 1H level rebound confirmation, main force defending the market under negative funding rate

$ICP After forming a double bottom at 2.153 on the 1H level, the price broke through the EMA20( at 2.1904) with increased volume and stabilized, indicating a short-term momentum reversal. Although the 4H level remains in a downtrend channel, the latest candlestick closed bullish, and the buying volume ratio has risen to 0.58. Combined with the negative funding rate and stable holding volume, the main force's intention to defend the market is clear, presenting a rebound opportunity from short squeeze.

🎯Direction: Long (Long)

🎯Entry/Order: 2.190 - 2.195 (Reason: 1H EMA20 support zone, confirmed after breakout )

🛑Stop Loss: 2.153 (Reason: Below the neckline of the double bottom pattern, a break indicates pattern invalidation )

🚀Target 1: 2.240 (Reason: Resistance at previous high and EMA20 on the 4H level )

🚀Target 2: 2.280 (Reason: Dense trading zone at previous high on the 4H level )

🛡️Trade Management:

- Position size suggestion: Light position (Reason: 4H trend has not fully reversed, indicating a counter-trend rebound )

- Execution strategy: Once the price reaches 2.215 (break-even point), move the stop loss to the entry point. After reaching Target 1, reduce position by 50%, and move the remaining stop loss to break even to hold for Target 2.

Deep logic: The price is declining but open interest (OI) remains stable, indicating it’s not main force unloading, but rather a clean-up after a long squeeze. Funding rate is -0.1%, short sellers need to pay fees, indicating short squeeze conditions are present. The 1H RSI(50.47) has risen above the midline, showing increased buying strength. The order book shows a large accumulation of buy orders in the 2.174-2.178 range, forming a strong short-term support.

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