#WeekendMarketAnalysis $IP Bullish with consolidation signs. I'd consider long position with potential short-term pullback before continuation.


Price Action Context: The K-line reveals a strong rebound from the 24h low 2.462, with the last 4 hours showing higher lows. A bullish pin bar formed at (low: 2.462, close: 2.616), signaling rejection of lower prices. The current price is consolidating near the 38.2% Fibonacci retracement level of the recent drop (3.225→2.462).
Recent 1h candles show rising volume (8.4M) during upward moves, supporting bullish momentum. The 24h volume of 73.66M confirms heightened interest.
Capital Flow: Consistent spot net inflows (24h: +2.46M USDT) contrast with persistent contract outflows (24h: -16.11M USDT). This divergence suggests retail buying against institutional selling, often preceding trend reversals. Short-term contract inflows (30m: +800K) hint at shifting sentiment.
Entry longs $IP : Aggressive: Near current levels 2.828 with tight stop
Optimal: On pullback to 2.70-2.72 (MA5 support confluence)
Stop-Loss: 2.62 (below key support and MA20)
Targets $IP : Primary: 2.883 (Resistance level)
Secondary: 3.014 (next resistance)
IP2.08%
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)