Looking at $IP these past couple of days, with continuous rises, it's indeed easy to get tempted. The 24-hour increase is right there, and some people naturally want to follow the trend. But we need to stay calm and think—is this a market reversal, or just another emotion-driven rebound?
Honestly, it's most likely the latter. A rebound does not equal a trend reversal; this principle must be remembered.
From the market perspective, the most noticeable thing is the "false" behind this surge. The price is moving upward, but the trading volume hasn't kept pace; instead, it shows a situation of rising prices with shrinking volume. What does this mean? Lack of momentum. Essentially, short-term funds are competing with each other, or previous short positions are hurriedly covering, but there are no signs of major institutional funds entering in a big way.
Looking at the technical side, the moving average structure still favors the bears. This rebound seems more like a technical correction to the previous downtrend rather than a new starting point. It won't go far before hitting resistance levels, and a pullback is almost inevitable.
There's also a detail that can't be ignored—$IP 's trading volume is mainly concentrated on exchanges in Korea, accounting for nearly half. This makes the market prone to turning into a pure emotion game, with rapid and large price swings, and quite fierce reversals. Those chasing the high are almost certainly taking over the positions of those who bought at the top.
Rather than betting on how far this rebound can go, it's better to take advantage of the current high to set up short positions. After all, this upward move fundamentally lacks support, and the probability of a pullback is there. Seizing this opportunity is a more prudent choice.
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Looking at $IP these past couple of days, with continuous rises, it's indeed easy to get tempted. The 24-hour increase is right there, and some people naturally want to follow the trend. But we need to stay calm and think—is this a market reversal, or just another emotion-driven rebound?
Honestly, it's most likely the latter. A rebound does not equal a trend reversal; this principle must be remembered.
From the market perspective, the most noticeable thing is the "false" behind this surge. The price is moving upward, but the trading volume hasn't kept pace; instead, it shows a situation of rising prices with shrinking volume. What does this mean? Lack of momentum. Essentially, short-term funds are competing with each other, or previous short positions are hurriedly covering, but there are no signs of major institutional funds entering in a big way.
Looking at the technical side, the moving average structure still favors the bears. This rebound seems more like a technical correction to the previous downtrend rather than a new starting point. It won't go far before hitting resistance levels, and a pullback is almost inevitable.
There's also a detail that can't be ignored—$IP 's trading volume is mainly concentrated on exchanges in Korea, accounting for nearly half. This makes the market prone to turning into a pure emotion game, with rapid and large price swings, and quite fierce reversals. Those chasing the high are almost certainly taking over the positions of those who bought at the top.
Rather than betting on how far this rebound can go, it's better to take advantage of the current high to set up short positions. After all, this upward move fundamentally lacks support, and the probability of a pullback is there. Seizing this opportunity is a more prudent choice.