$PIPPIN Analysis: Consolidation Near $0.36 — Ready for the Next Leg? 🚀
$PIPPIN is showing signs of a steady recovery on the 1H chart after the recent dip. Price is currently consolidating above the critical $0.3600 level, forming a series of higher lows that suggest buyers are stepping back in. 📈
📊 Trade Setup Details:
Entry Zone: $0.3650 – $0.3720 (Current market range)
Stop Loss (SL): $0.3480 (Below recent structural support)
Target 1 (TP1): $0.3850
Target 2 (TP2): $0.4000
Target 3 (TP3): $0.4150
🔍 Technical Insights:
Reclaiming Mid-Range: After testing lows near $0.34, the price has successfully reclaimed the $0.36 pivot point.
Momentum: The MACD remains in a bullish "golden cross" configuration, and RSI is holding neutral around 50, leaving plenty of "fuel" for an upward move without being overbought.
Support & Resistance: Immediate resistance sits at $0.377. A clean breakout here could trigger a fast move toward the $0.40 psychological level.
⚠️ Risk Management:
Volatility remains high following recent derivatives outflows. Always use a Stop Loss and manage your position size.
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