🚨 $IP Bearish Consolidation
Price Action & Key Levels: The 24H high 2.818 and low 2.462 define a tight range. Failure to break above Resistance 2.674 repeatedly per K-line data highlights seller dominance.
Recent rejection near the BOLL upper band 2.710 and consolidation around the middle band align with range-bound trading.
Recent K-line shows declining volume during rallies (2.64–2.818 range) and spikes during sell-offs (drop to 2.462). This signals weak buying interest and stronger selling pressure.
Contract Net Outflow: Sustained outflows across all timeframes (-6.48M USDT over 6H, -20.1M over 24H) reflect institutional hedging or risk-off behavior.
Spot Net Flow: Mixed but marginally positive over 24H (+93.8K USDT), suggesting retail accumulation at lower levels. However, larger outflows in shorter periods (-774K over 2H) indicate selling pressure.
Entry short $IP : Enter near Resistance zone 2.670–2.675 if price rejects upward moves with low volume, or break below Support level 2.485 with rising volume.
Stop-Loss: 2.745 for short entry at 2.665 .
Target Price $IP : Support level 2.379 or partial take-profit at previous support 2.485
