$PIPPIN has netizens commenting that this coin, pipp. How to use volume-price analysis to go long or short.
First of all, I want to say that this coin does not use a single method; it combines multiple methods together.
In battle, one usually has a global perspective; when analyzing a coin, we should also take a look at its overall picture.
1. Left-side high point 0.5, a clear resistance level. As long as the price is near this level, you can try to open a short position.
2. The trading volume from yesterday morning at 8 am was relatively low, which normally indicates a bearish outlook (since this is analyzed on a daily level, we also look at whether the closing price will drop; today’s closing price is lower compared to yesterday).
3. Let's take a look at the intraday chart of its pullback; you will find that it just happened to retest the moving average where the volume increased, and afterward, it oscillated with reduced volume for two hours before rising again. It's normal for the volume to increase during an upward movement.
4. When it rose to around 0.5, it printed a bearish candle, and immediately after, a bullish candle was formed. Normally, this indicates a bullish outlook, but it actually dropped, which is called 'bullish but not rising,' leading to a normal short position.
Analyzing a coin sometimes requires combining various technical methods.
In terms of operation, first, have a global perspective, and second, be flexible.
Overall, it is a box-shaped oscillation. The operation of this method typically involves placing orders in advance at some high levels, such as around 47-48-49; you can appropriately place some short orders in advance. The reason for placing some short orders in advance is that it's difficult to open a position instantly when the main force hits a high point; that requires close monitoring. In a situation where you are not monitoring closely, it is about opening positions in advance and placing orders in advance, which emphasizes vague operations within a framework, thus relative risk will be somewhat smaller.
