The chart shows that ICP is locally and globally in accumulation. Also, a trend line has been formed on the chart and the price is moving towards it little by little. If the price breaks this trend line, it is very likely that there will be a strong impulsive rise to the upper boundary of the accumulation zone.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.