This $pippin move looks like a bull trap unless buyers can demonstrate more strength.

$PIPPIN - SHORT

Trade Plan:

Entry: 0.36959 – 0.37275

SL: 0.38067

TP1: 0.36168

TP2: 0.35851

TP3: 0.35218

Why this setup?

The 4h chart still supports a SHORT.

- 1D trend: range-bound

- Key zone: 0.36959 – 0.37275 near 0.37117

- RSI 15m: 61 (neutral momentum allows downside to build)

- 15m volume at 2.00x, with 2.26M traded vs. 1.13M expected per 15m, confirming real sell-side participation.

If 0.38067 holds as resistance, 0.36168 is the initial target. A clean rejection extension targets 0.35218.

Debate:

Is this the start of a squeeze, or where late traders face punishment?

Click bellow for trade 👇 & Click here to join my VIP trade group