IP — Price is pushing back toward the upper boundary of a descending channel on the 1H chart after a short-term rebound.

SHORT SETUP — IP/USDT

• Entry Zone: 1.187 — 1.193

• TP1: 1.163

• TP2: 1.130

• TP3: 1.095

Stop Loss: 1.222

The broader structure still shows lower highs, and price is now testing the channel’s upper resistance. The recent bounce looks corrective following a local bottom. Unless price breaks cleanly above the 1.20–1.22 area, rejection here could lead to another move back toward prior lows.

Trade $IP here:

IPBSC
IPUSDT
1.153
+3.59%