๐ฏ $PIPPIN / USDT โ Support Bounce Setup
๐ Market Analysis
$PIPPIN is retracing into a previously validated demand zone, where strong buying interest was seen before. The pullback appears controlled, suggesting this could be a healthy correction rather than a trend reversal.
Key observations:
โข Price revisiting strong horizontal support
โข Momentum cooling after upside expansion
โข Potential liquidity grab before continuation
โข Risk-to-reward favors upside if support holds
As long as price remains above the key invalidation level, the structure supports a rebound scenario.
๐ Trade Plan
Bias: Bullish Continuation
Entry Zone: 0.258 โ 0.2477
๐ Stop-Loss: 0.2429
๐ฏ TP1: 0.275
๐ฏ TP2: 0.289
๐ฏ TP3: 0.299
Holding this demand zone could trigger a sharp bounce toward prior resistance levels. A breakdown below 0.2429 would invalidate the bullish setup.
Trade smart. Manage risk.
