FOR BEGINNERS #IPUSDT

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IPUSDT analysis based on 5 components:

1. Market Structure:

- There was a significant increase from 1.57501 to 2.19362

- There is now a consolidation at the level of 1.88131

- The structure is still bullish but the initial momentum has decreased

2. Psychological Level:

- Level 1.88 is an important psychological level

- There is resistance at 2.00

- Support around 1.80

3. Fibonacci:

- From the swing low of 1.57501 to the high of 2.19362

- The current price is in the retracement area

4. Trendline:

- There is a support trendline formed

- The price is still above MA(7) = 1.86333

- Indicates that the trend is still bullish

5. Candlestick:

- Small candles indicate consolidation

- Volume decreases

- MACD shows that the momentum is weakening

Conclusion:

For now, it is NOT RECOMMENDED to take a position because:

1. In a consolidation phase

2. Volume is decreasing

3. There is no clear signal to buy/sell

4. MACD momentum is weak

Suggestion:

- Wait for a breakout from the consolidation area

- If it breaks above 1.90, you can take a BUY position

- If it breaks below 1.85, you can take a SELL position

- It is better to wait for confirmation with increasing volume

Risk Management:

- If you still want to enter, make sure the SL is tight

- Use smaller leverage

- Wait for a clearer signal