🚨 $IP
Trade Setup: RSI at 99! Parabolic Peak or 3.00 Breakout?
IP (IPUSDT) has gone vertical, trading at 2.966 with a massive +33.48% gain. The chart shows a "God Candle" scenario, but traders must exercise extreme caution: the indicators are flashing a "blow-off top" signal that is statistically rare and dangerous.
📊 Technical Breakdown
Parabolic Detachment: The price has launched far above the EMA 7 (2.704) and EMA 25 (2.336). The gap between the price and the nearest support (EMA 7) is nearly 10%, indicating the asset is overextended and likely to snap back.
CRITICAL RSI ALERT (99.02): The RSI (6) is reading 99.02. This is almost mathematically maxed out. An RSI > 95 is effectively "euphoric" and almost always precedes a violent correction or a sharp volatility flush to reset the indicator.
Psychological Barrier: The price is hovering just below the 3.00 psychological level (24h High: 2.997). Sellers are likely defending this whole number aggressively.
Volume: Volume is extremely high, but if the price fails to break 3.00 immediately, this volume will turn into "trapped buyers" very quickly.
🎯 Actionable Trade Setups
📉 Short Strategy (Mean Reversion - High Conviction)
Logic: Shorting an RSI of 99 is a high-probability play based on mean reversion. Gravity eventually wins.
Entry: 2.97 - 3.00 (Front-running the 3.00 psychological rejection).
Targets: 2.70 (EMA 7 Touch) and 2.50.
Stop Loss: Hard stop above 3.08 (Allowing for a final "scam wick" stop-hunt).
📈 Long Strategy (Wait for the Crash)
Logic: DO NOT buy here. Buying at RSI 99 is chasing the top. Wait for the pullback to dynamic support.
Entry: Limit orders at 2.70 - 2.75 (First test of EMA 7).
Targets: Bounce back to 2.95.
Stop Loss: Close below 2.60.
⚠️ Disclaimer: Trading assets with an RSI of 99 is highly volatile. A "flash crash" or "wicks" can occur in seconds. Manage risk strictly.
#IP