I’m looking at a short on $IP after a clear rejection from the highs. Price pushed strongly up to 2.71, but that move couldn’t hold and sellers stepped in aggressively, dragging price back down toward 2.55. The bounce from 2.55 has been weak and slow, showing hesitation rather than real buying strength. This kind of price action usually points to a corrective bounce after distribution, not the start of a new leg higher. As long as IP stays below the 2.65–2.70 supply zone, downside pressure remains in play.

Targets: 2.48 – 2.35 (around 100% to 500%)

Entry zone is 2.52 – 2.65, with a stop-loss above 2.75. Use 20x – 40x leverage with 2% – 5% margin only. Take partial profit at the first target and once TP1 is hit, move the stop to entry to lock in the trade.

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Short #IP here 👇👇👇