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The price trend of IP still appears to have significant upward potential. In the medium to long term, MA120 (2.17255) and MA250 (1.97180) continue to rise, and the price has been staying above these medium to long-term moving averages, with the upward channel not broken.
Recent support levels are also quite clear. MA5 (2.53140) and MA60 (2.49400) form a support band, and the 24-hour low of 2.327 is also a key level.
Market activity is quite high, with a 24-hour trading volume of 136 million and a trading value of 343 million USDT, indicating strong market attention.
If you want to participate, you can consider entering around the 2.50–2.565 range. The first target is set at 2.80–2.90, and the second wave continues to look at 3.20–3.30. For stop-loss, placing it at 2.35 is sufficient. Overall, going long at the market price immediately is a good choice.
Entering at 2.50 feels a bit safer, just worried about a sudden plunge.
Let me take another look at the 4-hour chart...
But speaking of which, can we really hold until 3.20 in this kind of market? I have a feeling they might sell off early.
Those who understand are all bottom-fishing now. I'm also tempted, haha.