Guys ...
🚨 $IP in a consolidation phase with a bit of a bearish tilt overall. For trading on 1-hour timeframe, I'm leaning cautiously short, but keeping risk super tight.
Price-wise, it's bouncing around between support at 3.319 (S1) and resistance at 3.525 (R1). That rebound from the 24-hour low of 3.278 didn't come with much volume backup, so I'm skeptical. If it cracks below S1, we could see things slide faster down to S2 support around 3.196. On the flip side, if it pushes back above R1, shorts might start covering and drive it up to R2 resistance at 3.608.
On the volume side, those K-lines showing some heavy action during the drops, like that 1.5 million spike when it hit the 3.301 low, which screams selling pressure hitting a peak. But lately, volumes are dying down around these levels, which makes me think the sellers might be running out of steam.
Looking at capital flows: For contracts, we're seeing net inflows in the short term—positive 13.15M over the last hour and 13.38M over four hours—but it's flipped negative at -12.42M over 24 hours. Feels like mixed vibes, with some buyers dipping in quick but bigger money pulling out longer-term. Spot flows are all outflows no matter the timeframe, like -392K in an hour and -620K over four, which points to institutions not really biting right now.
Entry short $IP : Best spot to enter a short would be near that Resistance level (3.525) or if it gets rejected at the 20-MA around 3.625. Or, wait for a confirmed break below Support 3.319 with some volume pop for continuation.
Istop-loss about 3.5% above entry—like 3.648 if jumping in at 3.525.
Targeting $IP support zone at 3.196
IPUSDT
Perp
3.087
-19.52%
Those Bollinger Bands are looking oversold, and the positive inflows on the 1-hour contracts suggest a bounce could sneak in. If it holds Support 3.319 and breaks Resistance 3.525 with real volume, I'd flip my bias quick.
#ip #IPUSDT #story #nimistark