🚨 $PIPPIN looks clearly bearish on the 1D chart. A short-term bounce could happen, but overall momentum still favors the downside. On the daily timeframe, I’m leaning cautious short with strict risk management.
📊 Volume check: 24H volume remains strong at 576M, confirming the sell pressure. We’ve seen multiple large red candles backed by heavy volume — sellers are firmly in control. That said, the most recent candle printed with very low volume (26,305), which may signal seller exhaustion or temporary indecision at these levels.
💰 Capital flow tells the same story:
12H: -9.86M
24H: -3.53M
7D: -24.71M
This points to longs exiting and bigger players reducing exposure. The large account long/short ratio at 0.7063 also shows a clear short bias.
📍 Short ideas for $PIPPIN:
Short on a pullback toward MA5 ~0.3709
Short near the 24H high at 0.4365
Or momentum entry if price breaks below 0.3346 support
🛑 Stops:
If shorting around 0.345, keep stops tight at 0.355–0.360
🎯 Targets:
First: Lower Bollinger ~0.2954
Extension: Major support near 0.245
PIPPINUSDT Perp
Price: 0.34273
24H Change: -18.23%
Anyone already holding or shorting $PIPPIN