$IP pushed strongly from the 2.28 demand zone and spiked into the 2.42–2.43 area, but price failed to hold above that resistance. The rejection was sharp, followed by sideways movement with smaller candles, which usually signals short-term exhaustion after a quick pump rather than a clean continuation.

Right now, the 2.42 zone is acting as a clear supply area. As long as IP stays below this level, the structure favors a pullback toward previous support. The current consolidation near 2.38–2.39 looks like distribution, and sellers may step in again for a corrective move. This setup becomes invalid only if price reclaims and holds above 2.44 with strong volume.

Scalp Trade Plan

Short

Entry Zone: 2.39 – 2.42

TP1: 2.33

TP2: 2.28

Stop Loss: 2.46

Leverage: 20x – 40x

Margin: 1% – 3%

Risk Tip: Secure partial profit at TP1 and move stop-loss to breakeven.

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Short #IP Here 👇👇👇

IPUSDT

Perp

2.476

+5.63%