ICP Trading Plan: Buying Dips with a 1:3 Risk-Reward Ratio

Like most altcoins, ICP has been declining since December. At the beginning of February, it reached a key support level around $6. After this drop, the coin began to consolidate, but recent price action suggests a potential reversal to the upside.

A confirmed breakout above $7 would strengthen this outlook, potentially leading to a test of the psychologically significant $10 level.

I’m looking to buy dips in anticipation of this scenario, aiming for a minimum risk-to-reward ratio of 1:3.