$PIPPIN Approaching Major Liquidity Zone — Deeper Sweep Possible? 👀
PIPPIN is currently trading around the $0.35 region after rejecting the recent rally high near $0.90. On the daily timeframe, price structure is showing signs of distribution with lower highs forming and momentum cooling.
On the 4H structure, we can see equal lows building below the current range while the volume profile shows a thin liquidity area under the $0.31 zone. When this happens, price often moves quickly through the low-volume region to fill the next major liquidity pool. The next strong demand zone sits around the $0.27–$0.25 area.
RSI on both timeframes is hovering around the neutral-to-bearish range while volume has been decreasing during the consolidation phase. This combination often signals a continuation move toward liquidity before a potential relief bounce. If price sweeps the $0.27–$0.25 demand zone and buyers step in, we could see a strong reaction from that area. 🔥💸
