$PIPPIN — Base Formation After Deep Pullback
$PIPPIN is holding firm after a sharp pullback, and selling pressure has clearly cooled. The rejection from 0.455 was strong, and instead of continuing lower, price is stabilizing and compressing — a sign that the market is finding balance rather than breaking down.
Reason
The panic leg already flushed weak hands. Buyers defended the lows quickly, and the 15m structure is now forming a base. This behavior points to absorption, not distribution.
Trade Setup
Entry Zone: 0.470 – 0.480
Targets:
TP1: 0.505
TP2: 0.560
TP3: 0.650
Stop Loss:
Below 0.455
How it’s possible
Higher lows are forming after the liquidity sweep, and sellers are failing to push price back toward the low. If this base holds, liquidity above the recent high becomes the natural magnet, keeping continuation very realistic.
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