The IPUSDT price has surged rapidly to $9.59, then dropped sharply and is now around $4.98.
Technical Analysis:
✔ A sharp rise with high volume – This could be due to FOMO (Fear of Missing Out).
✔ Pullback after a big green candle – This is a common pattern.
✔ Currently at a key decision point – If support holds, the price may rise again; otherwise, it could continue to drop.
Possible Scenarios:
🔹 If the price holds between $4.5 - $4.8, it might go up again.
🔹 If it drops below $4.5, the next support level could be around $3.5.
🔹 A new catalyst is needed for further growth, such as news, market trends, or big buy orders.
Advice:
🚀 Avoid FOMO buying, as the price has already surged significantly.
🛑 Set a stop-loss, especially for short-term trades.
📊 Check RSI and other indicators – It may be in an overbought zone.
What strategy are you considering? Are you looking for a long or short position?