IPUSDT - POISED FOR A BREAKOUT

Mar 20

Symbol - IPUSDT

CMP - 5.5500

IPUSDT is currently establishing favorable conditions for potential growth. Bitcoin has provided a modest boost to the market following positive developments regarding the SEC and XRP, a factor that has not gone unnoticed within the crypto community.

The IPUSDT coin has experienced an extended period of consolidation, forming a symmetrical triangle pattern. The upward trend in lows, coupled with the consolidation phase and the subsequent breakout above the triangle's resistance, signals positive indications of a potential distribution phase (the culmination of the consolidation). The key resistance level at 5.6297 remains a crucial barrier, separating the market from a more liberated zone.

Resistance levels: 5.6297, 6.6310
Support levels: 5.1160, 4.7830

Over the past few days, the price has consistently approached the triangle resistance and is building momentum for a potential breakout. Multiple intraday retests of this region demonstrate market interest in surpassing this boundary. A successful breakout above the 5.6297 resistance level, followed by consolidation above the triangle, would serve as a strong signal of readiness for upward movement.

Mar 22

Trade active

CMP 6.0000

Long position +8.80% in profit now.

Mar 25

Note

CMP 6.4500

+16.20% up from my buy level now. Approaching first target.

Mar 26

Trade closed: target reached

First target of 6.6100 has been reached.

+20% up from my buy entry.