🔥 $IP in a bullish correction phase, basically a pullback in the middle of an uptrend. Not too shabby if you're eyeing a bounce. For trading on 1-hour timeframe, I'm leaning cautious long here, maybe using a DCA strategy to ease in
On the volume side, those recent red candles are showing less and less action – like the last one only hit 551k compared to the usual 5M average. Kinda feels like the sellers are running out of steam
As for capital flows: Spot market had a net outflow of about -2.29M over the last 24 hours, but it's picking up with +1.29M in the past 12. Futures are looking stronger though – big +14.42M inflow in 24h even with some short-term dips. Smells like smart money's quietly stacking up.
Entries longs $IP : I'd jump in primarily around that Support level at 3.616 if I spot a solid bullish reversal on the 1h chart. Or, wait for a clean break above the MA10 at 3.893 with some decent volume backing it.
Stop loss wise, I'd set it at 3.48 – that's about 7.5% down from Support level, giving room for the volatility.
Targets $IP : Aiming for Resistance level at 3.951 and next resistance at 4.151
