Now there have been times it has broken out past 160, It we do a trend from the times it has, I think It could make an ATh of 161 and then get slammed back down momentarily to rethink things... 160 is a great level for traders to get trapped at so I do believe they will allow it to go above to grab as much liquidity to then take it back down. because of this level and others, forex and currency pairs are on swing alert for me, meaning be careful. Dont predict, React at this point {image}
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It Got the rejection at 160 but look now! it may be moving up to what I described
Good coin to short and long at these low levels.... good voulume and plenty of people wanting to dump the coins {image}
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ICP has proven to be Bubbly and jumpy at these levels recently...
The latest 'Meta' Regarding Crypto is revenue! Any chain that can produce REVENUE is doing well even in this current downturn. ICP is one of those chains that promises revenue alongside amazing infrastructure. It had some epic dumps and has destroyed alot of wealth, including my own, but Its at that level where it is starting to look like a good investment again.
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Joined Jun 2022
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Status: Alive and Well
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A great example of this is HyperLiquid, a DEX for crypto perpetual contracts. In a bear market this exchange is printing revenue and going against the trend. Sorry posted wrong chart
