$PINGPONG — Momentum Fading After Rejection
PINGPONG printed an aggressive pump, but price failed to hold above the recent high and faced strong rejection near the top. The structure is now showing a lower high, followed by a breakdown from the consolidation range. Current price action suggests distribution rather than continuation, with sellers gaining control in the short term.
⚡ Trade Setup (SHORT)
Entry Zone: 0.0079 – 0.0083
Targets 🎯: 0.0070 → 0.0061 → 0.0053
Stop-Loss: Above 0.0092
Pro Tips:
Avoid longing into weakness after a sharp rejection
Let price confirm continuation before adding size
Strict risk management is key in high-volatility moves
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PINGPONG
Alpha
0.0073222
+50.77%