From the current market and related information, shorting PIPPINUSDT at this time requires great caution, mainly with these key points to note:

1. Technical Contradictory Signals

- Bearish Signal:

The price has just retreated from the intraday high of 0.07948, and the short-term moving averages (MA7, MA25, MA99) show a slight downward turn, and there was a K-line pattern of "spike and retreat" previously, which conforms to the characteristics of "possible pullback after overbought."

- Bullish Signal:

The price is still above the short-term upward trend line, with a 24-hour increase of 28.48%, and both trading volume and transaction amount are large (24h trading volume of 3.919 billion PIPPIN, transaction amount of 246 million USDT), indicating that the capital enthusiasm is still there, making it easy to see a "short squeeze" market.

2. Market Environment Risks

- PIPPIN is a highly volatile meme coin, and the price of such coins can easily be driven by emotions and funds. Even if there are technical pullback signals, sudden buying can push the price up, leading to short positions being "squeezed out."

- Currently, indicators like RSI for PIPPIN in the market are in the overbought range (previous data shows RSI greater than 70), theoretically indicating a need for pullback, but meme coins can remain overbought for a long time, and this cannot be the sole basis for shorting.

3. Specific Risks of Shorting

- Leverage Risk: If shorting with high leverage, once the price breaks above the resistance level of 0.08000, it can easily trigger liquidation;

- Liquidity Risk: The liquidity of meme coins is highly volatile, and during sharp rises and falls, slippage may occur, making stop losses unable to be effectively executed.

If you must try to short, it is recommended:

- Only take small positions + low leverage (for example, 2-3 times);

- Strictly set stop losses, such as placing the stop loss above 0.08000 (for example, 0.08100);

- Set profit targets near recent support levels of 0.07800 or 0.07700.