Here is my very conservative strategy bidding for the highly hyped ICP. ICP may consolidate at the current top, and never go down; which is unlikely considering more to be unlocked every month. For me if I get filled I am happy to hold ICP for LTR, and I don’t care if it happens sooner or far later. If I never get filled, I am also happy as I’d be holding BTC that I’ll continue accumulating for now from selling rewards from staked HYDRA.
The black line represents the bottom ICP hit in yesterday’s dip.
The blue line represents my bid which is the only support for ICP above the black dip support.
PS Due to the fact that ICP is an newly listed coin, no proper TA can be put in place. Hence, the 1H chart.