$IP /USDC Trading Strategy
Market Insight:
$IP has surged +25%, showing strong bullish momentum. Price is near the upper Bollinger Band, indicating short-term overbought conditions. Trading volume (especially on the USDC side) supports the upward move.
Entry:
ā $4.30 ā $4.50 (ideal pullback zone near the middle Bollinger Band)
Targets:
šÆ Target 1: $4.84 (recent high)
šÆ Target 2: $4.97 (Bollinger upper band)
šÆ Target 3: $5.02+ (psychological round level / breakout target)
Stop Loss:
ā $4.15 (below support & Bollinger mid-line)
Key Levels
Resistance: $4.84, $4.97, $5.02
Support: $4.47 (current price), $4.21, $3.88
Pivot: $4.43 (Bollinger Mid Band)
Pro Tip
Wait for a slight dip to $4.30ā$4.50 before entering. If price breaks above $5.00 with strong volume, consider a momentum scalp. Always manage risk with a tight SL due to recent volatility.
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