This $pippin move is starting to look like a potential bull trap unless buyers step in with strength.

$pippin – SHORT

Trade Plan: Entry: 0.05457 – 0.05685

SL: 0.06256

TP1: 0.04885

TP2: 0.04657

TP3: 0.04201

Why this setup?

The 4H structure favors a short bias, while the daily timeframe remains stuck in a range. Price is currently positioned near the upper boundary of that range (0.05457–0.05686), making this a clean area to look for downside.

Momentum on the 15M timeframe sits around RSI 41, leaving room for further downside. At the same time, volume is showing a clear spike — 107.84M on the 15M compared to a 64.82M 1H average (1.66x) — which supports the idea of rejection at these levels.

If buyers fail to reclaim strength here, the move lower becomes the more probable path.