$IP
IP Market Snapshot
IP saw a strong rally earlier, but momentum faded fast and price pulled back sharply. Right now, it’s trading near the lower zone, showing signs of exhaustion rather than panic selling. This usually means the market is trying to stabilize.
🔍 What the chart is showing
Short-term view (1H):
Clear rejection from the top area
Strong sell-off already played out
Price is moving sideways near recent lows
Momentum is weak, but selling pressure is slowing down.
Key zones:
Support area: around 2.50
Resistance area: around 3.00
These levels matter for the next move.
⏳ Outlook (Multiple Timeframes)
Short term:
Holding above support can lead to sideways movement or a small bounce.
Mid term:
A break above resistance may signal recovery.
Failure to hold support could keep price compressed at lower levels instead of another fast drop.
Based on:
Price structure, support–resistance behavior, momentum cooling.
⚠️ Reminder
This is personal market observation, not financial advice.
Always manage risk carefully.