$PIPPIN — Short Setup on Watch

Price: 0.52 | Intraday Range: 0.50 – 0.53 | % Move: Slight pullback in progress

Reason: Despite previous failed short attempts, volume is showing hesitation near resistance, signaling potential short-term pressure. Demand is wavering, but momentum is unclear — cautious approach advised.

Key Levels:

Support: 0.48

Resistance: 0.53

Trend: Mixed — recent bullish strength challenged by short-term resistance.

Trade Idea:

If price stays below 0.52686, consider a short entry now targeting 0.382 retracement (1R).

Stop-loss above 0.52686 to limit risk.

Note: Confidence in shorting is low given past false signals — follow strict risk management.

Good luck and trade carefully!

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