$pippin today, the move felt less like retail chase and more like position-building. After the sharp expansion from the 0.47 area, price didn’t immediately retrace deep instead, it rotated tightly between 0.58–0.63 while volume stayed elevated. That usually tells me stronger hands are absorbing exits, not distributing aggressively.
On lower timeframes, pullbacks were shallow and quickly bought, even as funding pressure increased. That’s a behavior I’ve learned to respect. I avoided chasing highs and instead waited for consolidation entries, keeping invalidation clear below structure.
Momentum is strong, but patience matters here.