Pair: $PIPPIN

Current Price: ~$0.04536

24h Change: +9.87% | Range: 13.48% (high $0.04660 / low $0.03359)

Trend / Setup: Bearish structure despite today's green candle. Price is trading below MA7 ($0.04843) and massively below MA25 ($0.12014) and MA99 ($0.33291). The 24h range shows a strong pump from $0.03359 to $0.04660, but price is now pulling back. Funding is positive at +0.06837%, favoring shorts slightly. Volume is very high. This looks like a short-term bounce within a larger downtrend – likely a dead cat bounce.

🔸 Entry Zone (Short - preferred): $0.04700 - $0.04850 (on a rejection near MA7 resistance)

🔸 Stop Loss: $0.05000 (above recent highs and psychological level)

Targets:

🔸 TP1: $0.04300

🔸 TP2: $0.04000

🔸 TP3: $0.03600 (near 24h low support)

Alternative Long Setup (highly risky, only for scalpers): If price breaks and holds above $0.04850 with strong volume, a long scalp toward $0.05200. SL below $0.04600. Not recommended given the massive MAs above.

Key Insight: This pair has crashed from highs above $0.30 and is now trying to find a bottom. The current bounce from $0.0336 to $0.0466 is likely a relief rally within a bear market. MA25 at $0.12 and MA99 at $0.33 are miles above – the trend is undeniably bearish. Watch for rejection near $0.0485 for a short entry. Positive funding means shorts aren't paying much, so no squeeze risk.

DYOR | Not financial advice.