$PIPPIN
Ongoing weak consolidation, bearish trend is clear, the rebound lacks volume and strength. Prioritize going short, don’t blindly catch the falling knife.
Short
Enter on the rebound at $0.0255–$0.0265, set stop-loss at $0.0270, target $0.0238–$0.0222
Long
If it dips to $0.0234 and stabilizes, enter with a light position, set stop-loss at $0.0228, target $0.0255
Ongoing weak consolidation, bearish trend is clear, the rebound lacks volume and strength. Prioritize going short, don’t blindly catch the falling knife.
Short
Enter on the rebound at $0.0255–$0.0265, set stop-loss at $0.0270, target $0.0238–$0.0222
Long
If it dips to $0.0234 and stabilizes, enter with a light position, set stop-loss at $0.0228, target $0.0255