The 4-hour chart of IP shows an extremely overbought condition, with RSI soaring to 89. Although the overall trend is still pushing forward in this extreme state, the pullback demand is becoming increasingly strong. Looking at the 1-hour chart, RSI is only at 71, and the MACD histogram has just turned positive, indicating some short-term resilience supporting the consolidation. The 15-minute chart appears more moderate, with RSI at 61 in the neutral zone.

From a technical perspective, the current price is stuck at the 3.84 level, a key battleground. The two main resistance levels above are 4.00 and 4.20, while support levels are at 3.70 and 3.50.

How to respond? The approach is quite straightforward. If the price can break through the 4.00 barrier, consider entering long positions targeting 4.20, with a stop-loss set at 3.92 to prevent unforeseen risks. Conversely, if the price falls below the support at 3.70, it signals a bearish trend, and you can switch to short positions, focusing on the deeper support at 3.50, with a stop-loss at 3.80.

What is the most prudent choice at this moment? Observation. Don't rush to chase the highs; wait until the trend is confirmed before taking action. My plan is to hold these two trigger points: either wait for a break above 4.00 to go long or wait for a drop below 3.70 to go short. Stop-losses must be tight to limit market errors. Patience now is a sign of respect for the subsequent market movements.