Technical analysis by vf_investment about Symbol ICP: Buy recommendation (11/15/2025)

hi traders Here is the trading idea description for ICP/USDT based on the provided Daily chart. 🚀 Trading Idea: Long ICP/USDT Continuation Trade This idea identifies a breakout from a long-term downtrend and sets up a continuation trade based on the expectation of further upside momentum. Key Technical Setup Downtrend Breakout: The price has successfully broken above the multi-month descending trendline (marked by the top orange line), which contained the price action throughout 2024 and 2025. This breakout signals a significant shift in market structure from bearish to bullish. Impulse Move and Retest: The recent sharp vertical movement (impulse) was followed by a healthy pullback, which found support near the 0.786 Fibonacci Retracement level (around $7.80). This retest confirms that the previous resistance has turned into new support. Momentum: The RSI (14) is holding in the bullish territory (currently at 66.12), indicating that momentum is strong and favors continuation. Trading Strategy Trade Bias: Long (Buy) Entry: The trade is designed to enter a long position at $4.25. (Note: Based on the current chart, this entry is below the recent breakout structure and acts as a strong, long-term accumulation point or aggressive limit entry, perhaps aiming to catch a much deeper retest that has not yet occurred.) Target 1 (Conservative): The first target aims for the 2024 local highs around $17.50, which is a psychological and structural resistance level. Target 2 (Aggressive): The final target is the green horizontal line at $20.79, aiming to capture a full vertical extension of the preceding rally. Invalidation/Stop-Loss: A Daily close and failure to hold below the major low of the recent consolidation (around the 1.0 Fib level or the bottom orange trendline) would invalidate the bullish thesis. Summary ICP/USDT has confirmed a structural reversal by breaking its long-term downtrend channel. The continuation trade is now set up, aiming for a significant rally toward the $17 and $20 targets, following the strong momentum demonstrated in the recent impulse move.