🔻 $PIPPIN Short Continuation Setup
$PIPPIN just rebounded +28%, but the rebound looks exhausted.
On the 1H chart, momentum has started to turn down again, signaling potential continuation of the larger downtrend.
📉 In the last 5 months, price has already risen over 410x, making it extremely extended and vulnerable to deeper correction.
Bias: SHORT on weakness / rejection
This looks like a relief bounce, not a trend reversal.
Trade with discipline. Manage risk.
pippin
Alpha
0.025402
+0.92%