$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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