While the market majors are cooling off after the latest volatility spike, small-cap gems like $IP are quietly building bases. Market chatter suggests that leverage in alts has finally been flushed, and fresh spot buyers are beginning to creep back in.
🔍 Technical Analysis (4H Chart)
We’ve seen a long "bleed" followed by a classic capitulation wick. Currently, IP is forming a flat shelf right on a major demand zone around 1.10.
Volume Profile: Selling volume is declining as price hugs the green support. A "fat" liquidity zone (target) sits higher up between 1.35 – 1.50.
RSI Check: The RSI has recovered from oversold territory and is grinding just under 50. This signals an accumulation vibe rather than a full trend reversal—yet.
📈 My Trading Game Plan
I’m leaning long, looking for a mean-reversion pop into the first supply block once price punches through this micro-range.
✅ Base Case: A bounce toward 1.35, with potential for 1.50 if a clean 4H candle closes above local highs.
🛡️ Conservative Play: Wait for a confirmed breakout and retest of the range from above before entering.
⚠️ The "Flip" Level: If 1.10 fails to hold on high volume, the bullish thesis is invalidated. In that case, step aside and let the knife fall.
Risk Management: Always trade with a plan. Small caps can be volatile—protect your capital!
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