SHORT SETUP – $PIPPIN
Entry Zone: 0.3700 – 0.3400
Stop-Loss: 0.4250
Take-Profit Targets 🎯
• TP1: 0.3450
• TP2: 0.2950
• TP3: 0.2450
🔥 Bearish Technical Justification
$PIPPIN recently experienced an extreme parabolic move, rallying from 0.00226 to a peak of 0.50490, representing a gain of over 22,000% in a very short period. Such vertical price expansions are typically followed by aggressive corrections as early participants take profits.
Currently, price action shows a pullback to the 0.372 area, with a lower-high structure forming on the 1H timeframe, signaling exhaustion in bullish momentum and increasing the probability of a deeper corrective move.
📉 Volume Analysis:
Trading volume has dropped sharply to 216M, significantly below MA(5) volume at 624M, indicating that buying pressure is rapidly fading after the pump.
📊 Moving Averages:
• MA(7) at 0.3852 is acting as dynamic resistance above price
• MA(25) at 0.2898 and MA(99) at 0.0928 remain far below current levels, highlighting how overextended price is and supporting the case for a mean-reversion move
⚠️ Risk Reminder:
Enter in parts, respect the stop-loss, and avoid over-leveraging. Parabolic assets can remain volatile in both directions.
Trade with discipline, not emotion.
