$IP wiped out a large block of short positions which means sellers were caught off guard. Price is now holding above the breakout shelf and volume is supporting the move. This behavior is typical at the start of a trend leg, not at the end. If the structure remains intact, upside continuation is the favored path.
EP: $1.78 – $1.85
TP: $1.98 / $2.20 / $2.55
SL: $1.66
IPUSDT
Perp
1.929
-8.62%