The recent surge in $IP reflects renewed speculative interest combined with technical breakout confirmation.
Momentum candles suggest strong follow-through rather than a single spike.
Market structure favors continuation if price holds above the breakout base.
A retest of the demand zone can act as a healthy re-entry region.
Volatility remains elevated, so position sizing should be managed carefully.
Look for stabilization before committing fresh capital.
TG1 is positioned at the immediate resistance flip area.
TG2 follows the trend projection from the breakout range.
TG3 marks an overextension zone suitable for trailing stops.