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.
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.
Trade active
CMP 6.0000Long position +8.80% in profit now.
Note
CMP 6.4500+16.20% up from my buy level now. Approaching first target.
Trade closed: target reached
First target of 6.6100 has been reached.+20% up from my buy entry.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.