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Something feels off here. Everyone is looking for the bottom, but the chart is just bleeding out.
$IP is currently sitting at 0.891 and the daily candles are just a staircase to the downside. We’ve lost almost 60% of the value in a month.
There is a tiny bit of support trying to form around 0.867, but the volume isn't showing any real "buy the dip" conviction yet. It looks like it’s just catching its breath before another slide.
Unless we see a massive impulsive candle to break this downward structure, I’m staying hands-off. Prying eyes are on that 0.80 level next if this minor support fails.
Don't catch falling knives just because it looks "cheap."
#95%ofAltsBelow200-daySMA