The trend of focusing on the short position $PIPPIN has already turned to short. The previous rebound momentum suddenly broke, and the 15-minute and 1-hour levels couldn't hold up after the fall; the moving averages turned downward directly, and the rebound couldn't even surpass the short-term moving averages. When encountering resistance, it was knocked down by sell orders, and the bullish momentum of MACD has also almost leaked out, with green bars starting to emerge, and the rhythm of decline has already begun.

The funding side hasn't given the bulls any chance; the consensus among the bears has risen, and as soon as the active sell orders come out, they press the price down. There hasn't been any decent buying pressure coming in to take over the position, clearly indicating that funds are shifting to short.

In terms of operations, just follow this new trend, set a stop-loss based on the recent small rebound high points, and target the previous support level. As long as the bearish arrangement of the moving averages hasn't been broken, the inertia of this short position is still there; there's no need to rush to exit.

PIPPINUSDT

Perp

0.45555

+38.72%