$IP

Update on IP/USDT perpetual futures

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⚡ Signal

🐂 Price Direction: Bullish

Entry Price: $6.32 (current price)

Stop Loss: $5.70

Target 1: $6.80

Target 2: $7.20

Target 3 (price fluctuation): $8.00

Range: High Price $6.35 - Low Price $5.44

📈 Trading Data Insights

Open Interest: Strong increase ← Opening more positions, likely to fuel this trend.

Best Traders' Sell/Buy Ratio (accounts): 0.62 ← Number of short traders is greater than number of long traders.

Best Traders' Sell/Buy Ratio (positions): 0.93 ← Larger position sizes slightly favor selling short.

Buy/Sell Volume of the Buyer: Buyer dominance with sharp increases ← Bullish momentum.

Basis (futures vs spot): Increasing ← Strong demand for futures.