$pippin has already been short-squeezed to a negative rate by retail investors, and the contract position and market value are already at 1:1. Once it breaks 0.07, be ready to pull up and liquidate the shorts.
Smart money shows that the large volume futures long position price is at 0.044, which is the long position of the market makers. This position theoretically serves as the strongest support, with a stop loss below 0.4. Retail investors are averaging short at 0.055; if it pulls up to 100 million, it should kill a lot of shorts. For long positions, a more aggressive take profit can be placed above 0.1.
The market makers have completely controlled the market, and multiple rounds of pulling up and crashing down have formed a lot of short inertia. It's recommended not to blindly short, but to buy in batches on dips and wait for the market makers to push up and take profits before going short again.
If all else fails, if you don't go long, just watch the market and wait for it to pull up 80%, then it's not too late to short double afterwards.
