$IP Short Liquidation Alert – Bullish Momentum Building?
A short liquidation worth $5.33K just hit at $1.49561, signaling that sellers are being squeezed as buyers gain control.
If momentum continues, further upside could be on the horizon.
Key Levels to Watch:
🔹 Support: $1.4650 – Holding above this keeps bullish sentiment intact.
🔹 Resistance: $1.5250 – A breakout here could trigger a strong rally.
Trading Strategy:
• Buy Zone: $1.4800 – $1.5000 (Ideal accumulation area)
Sell Targets: $1.5200 / $1.5500 (Profit-taking levels)
Stop-Loss: $1.4600 (Below key support to minimize risk)
Next Move:
If IP holds above $1.4950, expect a push towards $1.5250 and potentially $1.5500.
However, if rejection occurs, a retest of $1.4650 could offer another buying opportunity.
Watch for confirmation above $1.5050 to signal further strength.
A strong breakout could fuel additional liquidations and drive prices higher.
Trade wisely and manage risk!
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