“I never use valuation to time the market. I use liquidity considerations and technical analysis for timing. Valuation only tells me how far the market can go once a catalyst enters the picture to change the market direction.”
Watch closely if we get a rejection while reclaiming recent daily highs there is a high chance we will lose 0.2700 level which can offer a good shortinng setup.
Guys, I’m watching $IP closely as bulls continue to press higher and maintain control of the structure. The asset is overall up more than 25%, reflecting sustained buying interest. If momentum remains intact and price holds firm, a continuation toward higher levels remains likely.
Targets: 🎯 2.549 🎯 2.600 🎯 2.700+
Holding above 2.360 keeps bullish momentum intact, while a loss of this level could temporarily slow the move and may trigger a further downside corrective move.