$PIPPIN – Weak Bounce Into Resistance | Short Setup

Plan: Short (Max 10x)

Entry: 0.0535 – 0.0570

Stop Loss: 0.0600

Targets:

TP1• 0.0490

TP2• 0.0440

TPi3• 0.0390

Setup Overview:

Price bounced into resistance, but the move lacks strength. Momentum is fading, and buyers are struggling to push price higher with conviction. The structure is becoming increasingly choppy, signaling exhaustion rather than continuation.

This kind of weak follow-through after a bounce often points to distribution, where sellers begin stepping back in. With price stalling at resistance and upside momentum cooling, the probability favors a pullback.

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PIPPINUSDT

Perp

0.02586

-9.86%