🔥 $IP super bullish right now, but watch out for those overbought vibes creeping in. For trading on 1-hour timeframe, I'm staying cautiously optimistic on the upside, but keep your stops tight—no room for complacency here.
Price Moves: That big candle from 2.282 to 2.428 on 15.3M volume was the real breakout moment, but things have been choppy since, hovering around that 2.64 resistance without much conviction.
Volume Breakdown: The last few 1H candles have seen volume drop off a cliff—from 15.3M down to just 1.8K—as price pushed up to 2.642. Feels like fewer folks are jumping in at these peaks, which could signal some fatigue.
Capital Flows: Spot side's showing solid inflows across timeframes (like +1.74M USDT in the last 24H), pointing to real demand building underneath. But perps are telling a different story with outflows (-2.75M USDT in 24H, and a whopping -29.79M over 7D), probably leveraged traders cashing out profits.
Entries longs $IP :
- Safer bet: Wait for a dip back to 2.50-2.52 (where MA5 support lines up nicely).
- If you're feeling bold: Only on a clean break over 2.642, and make sure volume backs it up (at least 3M USDT per 1H candle).
Stop Loss: aim below 2.458 (Support level) for safety.
Targets$IP :
- First up: 2.705 (Resistance level)
- Stretch goal: 2.823 (next resistance)
IPUSDT
Perp
2.557
+26.33%
RSI is screaming over 83, so a pullback could hit hard. Don't chase this without solid volume, and definitely steer clear of entries above 2.64 unless it explodes. #IP #IPUSDT #story
