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$IP printed a sharp upside impulse into 2.19, triggering short liquidations, followed by a controlled pullback and tight consolidation above prior demand — a constructive bullish structure.
Key Levels
Support Zone: 2.05 – 2.00
Breakout Trigger: Clean close above 2.22
Major Resistance: 2.40 – 2.55
Long Trade Plan
Entry Range: 2.05 – 2.12
TP1: 2.22
TP2: 2.40
TP3: 2.55
Stop Loss: 1.95
Market Sentiment: Shorts flushed, sellers losing control. Continuation needs volume expansion above 2.22.
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