Beware! $PIPPIN rebounds after a rise, this signal may hint at a shorting opportunity!
Latest price 0.20979, although the increase in 24h remains noticeable, it has pulled back from the high of 0.21880. Key indicators have turned on the 'alert light'—the price has obviously deviated from multiple long-term moving averages (MA144 only 0.02616), indicating a need for technical correction. Although MACD is above the zero axis, the gap between DIF and DEA is narrowing, suggesting that upward momentum may weaken. Combined with the 4-hour chart showing a stagnation pattern, if it cannot stabilize above the marked price of 0.21065, there may be short-term room for pullback.
If considering a short position, it is advised to closely monitor the previous high of 0.21880 as a defensive point. The support can initially be looked at around 0.18450; if it breaks down, it may test the 0.14 area. Current market sentiment is highly volatile, so it is essential to test with light positions to avoid betting heavily on direction.
Remember: just because it has risen significantly does not mean it will continue to rise, often a reversal script is hidden in high-level fluctuations. But never act on feelings; everything should be based on actual breakthroughs.
This content is for information sharing only and does not constitute any form of investment advice; cryptocurrency carries extremely high risks, so please participate with small amounts, strictly set stop-losses, and keep sufficient funds on hand to cope with the market's changing conditions!