$PIPPIN continues to be bearish, do not be misled by the rebound.
In just over 20 days, it has surged nearly 30 times, and this kind of trend itself is unsustainable. Yesterday, the price clearly topped at a high level and quickly retreated, indicating that the main players have started to distribute.
Today, after a downward spike in the morning, a quick rebound occurred, rising from 0.25 to close to 0.42, but this looks more like an emotional rebound rather than a trend reversal. Currently, the rebound momentum has clearly weakened, and a continuous downward structure is beginning to form on the hourly level, with bears regaining control of the rhythm.
Shorting at this position has a very high cost-performance ratio.
The trend is above, the opportunity is below.
Now is the time to short in accordance with the trend.
