๐ $PIPPIN (PIP) Breaks Out โ Bulls Maintain Control Above Key Trendline
PIPPIN has successfully broken above the descending trendline and is now consolidating around $0.0305โ$0.0310, showing strong bullish momentum on the 5-min chart.
After retesting the breakout zone near $0.0290, price bounced sharply, confirming the breakout as valid. As long as PIPPIN stays above this red zone, momentum remains in favor of the bulls.
๐ฏ Trade Setup (Bullish Continuation):
Entry: $0.0300 โ $0.0302 (on trendline retest)
Stop-Loss: $0.0288
Target 1: $0.0312
Target 2: $0.0325
Risk/Reward: ~1:2.5
๐ข Support Zone: $0.0260โ$0.0265 (green zone โ strong previous demand area)
๐ด Breakout Retest Zone: $0.0288โ$0.0292
๐ก Watch for clean retests or a consolidation breakout above $0.0310 for confirmation. Failure to hold the $0.0288 support could trigger a deeper pullback.
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