$PIPPIN Explodes +42%! 🚀 Reversal or Local Top? What You Need to Know!
$PIPPIN is currently the talk of the town, showing a massive vertical move on the 4H chart. If you’re looking to trade this, here is the strategy:
🔍 The Technical Setup:
PIPPIN has finally flipped the MA(99) (Purple line) into support at 0.260. This is a classic "Bullish Reversal" pattern. While we see some rejection near the $0.29 zone, the high volume indicates that the buyers aren't done yet.
📈 Bullish Scenario:
If PIPPIN holds above 0.271, expect a retest of 0.298. A clean break above $0.30 could send this toward the next liquidity zone at 0.35 - 0.38.
⚠️ Bearish Risks:
Memecoins are volatile! The RSI is likely reaching overbought territory. If we lose the 0.260 support, we might see a "cooling off" period back down to 0.210.
💡 My Trading Plan:
Entry: Look for a retest of the $0.260 support or a breakout above $0.30.
Targets: $0.32, $0.35, $0.40.
Stop Loss: Below $0.245.
What’s your take? Is $PIPPIN the next big runner or a fakeout? Let me know below! 👇
