It seems like $pippin / USDT could be seeing early distribution, with some traders potentially exiting positions before a deeper move down develops.
$pippin – SHORT SETUP
Trade Plan:
Entry Zone: 0.02478 – 0.02492
Stop Loss: 0.02554
Take Profit Targets:
TP1: 0.02433
TP2: 0.02398
TP3: 0.02346
Why this setup?
The broader daily trend is still leaning bearish, suggesting sellers remain in control overall. On lower timeframes, RSI is showing weak momentum and repeated failure to recover, which indicates buying pressure is fading.
The 4H structure is aligning with a high-probability downside scenario, with price potentially continuing toward lower support zones. Entry is placed in a tight resistance area (0.02478–0.02492), where rejection could occur.
Main question:
Is this just a temporary shakeout before another drop toward TP2, or will buyers step in and invalidate the bearish continuation?
Trade carefully 👇
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