🤖 AI Insight

Based on the provided technical analysis details for ICPUSDT, it appears that the token has been in a downward trend over the past week, as indicated by the decreasing EMA7 and EMA25, as well as a slightly oversold RSI level. The token has found resistance around the 20.985 level and support around 1.16.

Considering the currently available information, a Long position might be considered at a more reasonable price, such as above the current support level of 1.16. This approach would involve waiting for a retracement below support before entering a long position. On the other hand, a conservative Short position could be attempted near the current resistance level of around 20.985. However, a bearish sentiment is evident in the weekly chart, and discretion is advised.

As for a conservative spot buy, wait for a retracement back above the 1.16 support level before considering a buy signal. Keep in mind that weekly trends do not always behave according to trend predictions, and price action always matters.