$PIPPIN is overbought, data talks.

Trade Plan:

Sell/Short

Entry : 0.3595 - 0.3630

TP1 : 0.3500

TP2 : 0.3440

SL : 0.3685

Technical Reasons & Analytics :

1. Stochastic RSI Overbought: The indicator is currently at 95+, indicating that prices have entered a very high overbought area. Historically, this area often triggers profit-taking.

2. Resistance Rejection: The price is stuck in the 0.3600 - 0.3620 area. There are upper wicks starting to appear, indicating that selling pressure is starting to come in.

3. Volume Divergence: The recent price increase was not accompanied by a significant surge in volume, indicating that bullish momentum is beginning to weaken.

Note : We are targeting a correction towards the nearest support area.

Trade $PIPPIN 👇👇

PIPPINUSDT

دائم

0.02469

-6.01%