$PIPPIN : The Short Squeeze is Over — Time to Fade? 🔴
The vertical rally for $PIPPIN has been incredible, but the "Overbought" signals are now impossible to ignore. For the big-brain traders, this isn't a "Buy the Dip" moment—it's a "Short the Top" setup. Are you ready for the correction? 📉
The Live Data Analysis:
Currently trading around $0.38 - $0.43, PIPPIN has seen a staggering 150% rally this week. However, the 14-day RSI has officially hit 73.51, which is deep in the "Danger Zone." We are seeing a massive divergence between the price and the 20-day EMA ($0.169), which means the price is currently "flying" without solid ground. The Fear & Greed Index is at 65 (Greed), which historically marks a local top for mid-cap tokens. 🛑
The Tactical Short Map:
The Entry: Looking for a rejection at the $0.45 resistance level. If the 1-hour candle fails to close above this, the bears will take full control.
Target 1: $0.35 (Immediate liquidity cluster). 🎯
Target 2: $0.29 (Major Fibonacci support). 📉
Risk Logic: A daily close above $0.50 invalidates this bearish thesis. The volatility is high (ATR at 0.019), so use high-leverage at your own risk. 🛡️
Why This Move?
Smart money is already rotating into other assets. When a meme-hybrid coin like this gets "Overheated," the flush is usually 20-30% within 48 hours to reset the indicators. Don't be the person holding the bag while the whales exit at the top. 🐋💨
Other Trending Setups to Watch:
$POL
