$IP (Story Protocol) - Short-Term Trade Setup! đ
âThe chart for $IP is showing some serious momentum! It successfully bounced off the $1.00 psychological support and is now making higher highs. If you're looking for a quick short-term scalp, here is the breakdown:
âđ Technical Outlook
âCurrently trading around $1.15, the price is testing immediate resistance. The volume suggests buyers are stepping in, but a small retracement would offer a better entry point for a short-term trade.
âđŻ Spot Entry Levels (Short-Term)
âEntry 1: $1.10 - $1.12 (Ideal Re-entry)
âEntry 2: $1.05 (Strong Support Zone)
âđ Profit Targets (Take Profit)
âTarget 1: $1.21 (Immediate Resistance)
âTarget 2: $1.28 (Previous Peak)
âTarget 3: $1.35+ (Price Discovery Mode)
ââ ïž Risk Management (Stop Loss)
âStop Loss: Below $0.98 (Daily close below this invalidates the bullish setup).
âđĄ Pro Tip: This is a high-volatility asset. Don't be greedyâtake profits partially as targets are hit. Always do your own research (DYOR)!
â#StoryProtocol #IP #BinanceSquare #TechnicalAnalysis #Altcoins #SpotTrading