🎯 Trade Recap: $IP Short Execution – 90%+ Profit!
Success in trading isn't about catching every move; it’s about patience and execution in the right zones. Our recent short on $IP played out exactly as analyzed. Here is the breakdown of why this trade worked and what the charts are telling us.
📉 The Setup & Execution
Entry Zone: We identified a heavy resistance zone between 1.18 – 1.21.
The Trigger: As IP respected that zone, I entered a short position at 1.172 once the rejection was confirmed.
The Result: Price moved down with precision, slicing through our first target.
Exit: TP1 (1.15) was hit, and I closed the full position at an average of 1.147.
💰 The Gains
By staying disciplined and using 50x leverage, this move secured a massive +90.79% ROI.
🔍 Market Analysis: Why is it still bearish?
For those looking at the bigger picture, here is why the downside was expected:
Weak Daily Structure: IP is printing consistent Lower Highs, a classic sign of a downtrend.
No Bullish Reversal: We haven't seen any significant buying volume or a break of the bearish structure.
Controlled Selling: This wasn't a random spike; it was a clean, controlled continuation of the trend.
💡 Trading Tip: Always lock in profits at key levels. Don't let a winning trade turn into a loser by being greedy. Profits are only real once they are "Locked." 🔒
Current Status: Trade Closed. Profits Secured.
#CryptoTrading #IP #TechnicalAnalysis #ProfitUpdate #TradingStrategy $IP
