Bearish Setup Analysis – $IP /USDT

Entry (Short): Below $2.85 or breakdown confirmation candle

Stop Loss: Above $3.05 (recent swing high)

Take Profit Targets:

TP1: $2.60 (previous low)

TP2: $2.40 (major support zone)

Trend Bias: Bearish continuation

🔍 Pattern & Technical Breakdown:

Downtrend Structure:

Price is clearly in a strong downtrend, making consistent lower highs and lower lows.

Bearish Rejection Zone:

Price tried to recover, but got rejected near $3.00, failing to break above key resistance and the red EMA (likely the 50 EMA).

Dead Cat Bounce Potential:

The brief recovery could be a dead cat bounce — a temporary rally in a bear market before further downside.

EMA Alignment Bearish:

The 50 EMA is sloping sharply downward, acting as dynamic resistance.

Volume Observation:

No strong buying volume to confirm a trend reversal — momentum is still weak.