IP(USDT)This wave of movement is quite interesting. Looking at multiple timeframes, the bears are still in the lead, but there are some signs of bullish divergence emerging, especially on the 15-minute and 4-hour charts.

Let's review the data: the 15-minute RSI has already dropped to 38.6, firmly in the oversold zone. The situation on the 1-hour chart is even more severe, with RSI at only 26.2, and the MACD histogram still expanding in the negative territory, which is the main driving force behind this bearish trend. The 4-hour chart is relatively milder, with RSI at 40.2, indicating a bearish structure but not yet extreme.

Key levels to mark: currently at the weak support of 2.60, with resistance levels at 2.75 and 2.90. The downside safety lines are at 2.50 and 2.30.

My trading plan is as follows: if it breaks below 2.50, go short with a target of 2.30 and a stop-loss at 2.65. Conversely, if it breaks above 2.75, try a small long position to see if it can reach 2.90, with a stop-loss at 2.58. At the current price level, I prefer to stay on the sidelines until the trend is confirmed.

The most critical factor is volume. Choosing the right moment for a surge in volume is very important, as it will determine the authenticity of a breakout. The market sentiment is a bit excited right now, but discipline is essential—wait for clear signals, and make sure to set tight stop-losses.