🚨 $IP Bearish Consolidating, I'd consider Short positions on breakdown
Recent 1h candles show declining volume during price consolidation, indicating lack of strong participation. The spike in volume during the earlier drop to 2.283 suggests capitulation.
Capital Flow: Contract funds show consistent outflows across multiple timeframes (24h: -9,M), while spot funds demonstrate inflows (24h: +6M). This divergence suggests institutional selling in derivatives while retail accumulates in spot markets.
Entry short $IP : Enter short if price breaks below 2.315 support with increasing volume. Alternatively, consider shorting near resistance at 2.454 if rejection occurs.
Stop Loss: 3-4% above entry point
Target Price $IP : 2.230 (Second support level)
Support me just Click below to Trade 👇 Cheers.
IPUSDT
Trajne ter. pog.
2.501
+4.38%