๐ $IP Bullish Consolidation: Story Protocol Momentum! ๐
The price action for $IP (Story Protocol) is looking primed for another leg up. After a massive 15.9% recovery from the $2.277 floor, we are seeing a healthy consolidation phase. This "reset" is often where the most reliable entries are found before the next breakout.
๐ Market Structure & Context
The recent rejection at 2.64 has created a temporary ceiling, but the underlying trend remains strong.
* Support Base: Strong recovery from 2.283 (Pin Bar reversal).
* Current State: Consolidating near the 24H highsโwatch for a volume spike to confirm the next move.
* Macro Catalyst: Growing hype around Programmable IP and the 2026 roadmap for IP Vaults is keeping institutional interest high.
โก Trade Strategy:
* Entry Zone (Long): 2.52 โ 2.54 ๐ข (The sweet spot for a support retest)
* Aggressive Entry: Breakout above 2.64 with high volume ๐
* Stop Loss: 2.43 ๐ (Tight risk management is key!)
๐ฏ Targets:
* Target 1: 2.79 ๐ฏ
* Target 2: 2.97 ๐ฏ (Testing critical R3 resistance)
๐ก Pro Tip: A break below 2.43 invalidates this setup, likely leading to a retest of the 2.28โ2.33 demand zone. Trade safe!
