$IP / USDT looks set for a potential breakdown as RSI shows signs of exhaustion.
Trade Setup – SHORT $IP
Entry: 1.4403 – 1.4672
Stop Loss: 1.5344
Targets: 1.3730 / 1.3461 / 1.2923
The 4H chart favors a short, aligning with the daily bearish trend. The 15m RSI sits at 36.9, signaling weak bounces. The key question: Is this oversold RSI a bear trap, or the prelude to the next leg down?
IPUSDT
Perp
1.148
+3.33%