$PIPPIN Warning: Support Cracks as Bears Take Control 📉
$pippin has just slipped to $0.116, breaking the critical $0.122 support zone. With the RSI at extreme oversold levels (<20), we are witnessing a textbook capitulation event fueled by whale distribution and derivative flushes.
Key Levels to Watch:
📍 Next Floor: $0.100 (Major psychological support).
📍 Recovery Target: $0.133 (Previous support now turned heavy resistance).
📍 Strategy: High-risk zone. I am favoring "Risk Off" until a 1-hour candle reclaims the $0.128 level. Watch the volume; a slowdown in selling is the first sign of a bottom!
Don't catch the falling knife without a plan. Protect your capital! 🛡️
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