🚨 $PIPPIN Clear Downtrend
In terms of pattern, it is forming the classic bearish structure of lower highs and lower lows
K-line shows a clear downtrend channel, with the price collapsing from the 0.254 high to the 0.170 low.
Most recent few candles have developed long lower shadows, indicating temporary support around 0.171, but every rebound is quickly sold off (volume-price divergence).
Capital Flow: Short-term (1h) outflow of -137K reinforces bearish momentum.
Entry short $PIPPIN : near current price 0.176 or wait for pullback to 0.185-0.188 resistance zone for better risk-reward ratio
Stop Loss: 0.1820-0.1835 range
Target Price $PIPPIN 0.169-0.171
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While RSI suggests oversold conditions, the strong capital outflows and consistent selling pressure indicate high probability of continued downward movement. Any long positions should be considered only after clear reversal signals above 0.188 resistance. #pippin #pippinusdt