$IP recent trend has provided many opportunities. From a technical perspective, the price has rebounded from the previous low of 2.327, with an increase of nearly 15%, and the recovery demand is still very evident.
Key support levels are coming into play. MA5, MA20, and MA60 are at 2.713, 2.655, and 2.651 respectively. The price is currently holding above these moving averages, indicating a relatively stable short-term bullish pattern. Trading volume has also picked up, suggesting that funds are starting to flow back in, which is a good sign.
If you are bullish, you can pay attention to these levels. Entering between 2.65 and 2.70 is a reasonable range. The first target is 2.85, and the second target is 2.95. As for stop-loss, once the price falls below the key support of 2.60, it’s time to exit promptly—don’t expect to bottom fish further down.
Overall, a rebound after an oversold condition often leads to a new trend. As long as volume continues to release gradually, there is still potential in the short term. But trading always emphasizes risk control first; setting proper stop-losses is the key.
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liquidation_surfer
· 13h ago
A 15% increase and you're excited? Come on, rebounds are all just illusions.
If the trading volume isn't enough, how can a breakout happen? I think it's doubtful.
Set the stop-loss at 2.60? Feels like we need to see it go lower first.
If this wave reaches 2.95, I'll eat my keyboard live on stream.
Honestly, it's still about waiting for the chart confirmation. It's too early to call for a buy now.
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CountdownToBroke
· 13h ago
Ha, it's the same moving average pattern again. Looks pretty convincing.
Enter at 2.65? I bet five bucks it'll get knocked down to 2.70 first.
When will the volume support the move? It's still just a fake right now.
Whether this rebound is reliable or not depends on the next two or three candlesticks.
Stop loss at 2.60? Gotta be broken through once more before I feel comfortable.
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hodl_therapist
· 13h ago
A 15% rebound sounds good, but I'm always worried about a pullback.
I've heard the phrase "moderate volume release" too many times, but next time it always lets me down.
Break through 2.60 and then run; I understand the logic, but my hands tremble when executing.
$IP recent trend has provided many opportunities. From a technical perspective, the price has rebounded from the previous low of 2.327, with an increase of nearly 15%, and the recovery demand is still very evident.
Key support levels are coming into play. MA5, MA20, and MA60 are at 2.713, 2.655, and 2.651 respectively. The price is currently holding above these moving averages, indicating a relatively stable short-term bullish pattern. Trading volume has also picked up, suggesting that funds are starting to flow back in, which is a good sign.
If you are bullish, you can pay attention to these levels. Entering between 2.65 and 2.70 is a reasonable range. The first target is 2.85, and the second target is 2.95. As for stop-loss, once the price falls below the key support of 2.60, it’s time to exit promptly—don’t expect to bottom fish further down.
Overall, a rebound after an oversold condition often leads to a new trend. As long as volume continues to release gradually, there is still potential in the short term. But trading always emphasizes risk control first; setting proper stop-losses is the key.