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🚨 $pippin – Volatile Bearish Setup | Cautious Short Opportunity
Several signals suggest a potential short trade:
1. MACD shows a bullish crossover, but overbought conditions hint at a possible pullback.
2. KDJ is in overbought territory with strong momentum.
3. Price is near the upper BOLL band (0.3244), indicating overheating.
4. Persistent net outflows and selling pressure in volume.
This setup targets a short against the overbought conditions, leveraging a likely pullback.
Trade Plan (Short 📉):
Entry: Near resistance at 0.3259 USDT or on a break below support at 0.3081 USDT with confirmation from a bearish 1H candle close.
Stop Loss: 0.3370 USDT (if entering at 0.3259)
Target: 0.2964 USDT
This trade requires careful timing and risk management given the volatile conditions.
#PIPPINToken #BearishSetup #CryptoShort #AltcoinTrading #OverboughtSignal
Several signals suggest a potential short trade:
1. MACD shows a bullish crossover, but overbought conditions hint at a possible pullback.
2. KDJ is in overbought territory with strong momentum.
3. Price is near the upper BOLL band (0.3244), indicating overheating.
4. Persistent net outflows and selling pressure in volume.
This setup targets a short against the overbought conditions, leveraging a likely pullback.
Trade Plan (Short 📉):
Entry: Near resistance at 0.3259 USDT or on a break below support at 0.3081 USDT with confirmation from a bearish 1H candle close.
Stop Loss: 0.3370 USDT (if entering at 0.3259)
Target: 0.2964 USDT
This trade requires careful timing and risk management given the volatile conditions.
#PIPPINToken #BearishSetup #CryptoShort #AltcoinTrading #OverboughtSignal
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