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【$ICP Signal】Short position + decline accompanied by abnormal open interest
$ICP Price decline accompanied by high open interest contracts, market logic suggests caution for potential main force distribution or long liquidation risk. Currently, there is no clear absorption behavior on the chart, and the price action is relatively weak.
🎯 Direction: Short position
Wait for the price structure to show clear absorption or reversal signals before making an assessment. The current risk-reward ratio is unfavorable, so it is advisable to stay on the sidelines.
Trade 👇 $ICP
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