$pippin USDT (Perpetual) — Short Setup

Bias: Bearish

Timeframe: 4H

Setup Type: Overextended Rally / RSI Overbought Reversal

After a sharp impulsive move to the upside, price is approaching local resistance while RSI remains heavily overbought (above 80+), signaling potential exhaustion. The recent vertical expansion suggests a liquidity grab above short-term highs, increasing the probability of a corrective pullback.

Entry Zone (Short):

0.6280 – 0.6420

Stop Loss:

0.6650 (Above recent swing high / liquidity zone)

Target Profits:

• TP1: 0.5850

• TP2: 0.5450

• TP3: 0.4950

Risk–Reward:

Approximately 1:2.5 to 1:4 depending on entry execution.

Technical Confluence:

• RSI in extreme overbought territory (4H)

• Parabolic price expansion with weakening momentum

• Potential lower high formation on intraday structure

• Volume spike near resistance indicating possible distribution

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⚠️ Note: Wait for bearish confirmation (rejection wick, lower timeframe breakdown, or bearish engulfing) before full position sizing. Manage risk strictly, especially in volatile altcoin conditions.#PredictionMarketsCFTCBacking