$PIPPIN #Pippin

The currency is trading below 0.081 and there are no signs of a strong rise, rather the opposite:

The indicators and trend suggest that the nearest direction is

a drop to the areas of 0.078 – 0.076.

Potential entry area for selling:

Gradual entry from:

From 0.080 – 0.0815

If it makes a slight tail above, you might increase a small part up to 0.082 at most.

2️⃣ Stop Loss:

Keep it above the last clear peak:

Around 0.085 – 0.086

If this level is broken with a strong candle, then this scenario has failed and exit immediately.

3️⃣ Take Profit targets (TP):

First target: 0.078

Here, close part of the contract and raise the stop to the entry point.

Second target: 0.075

Third target (if the drop continues): 0.072 – 0.071

The lower it drops, close a piece and leave the rest to continue if the market supports.

In short:

What happened: Quick pump → Weak momentum → Accumulation above resistance → Expected start of decline.