PIPPIN is on the rise again, brothers!!!
Brothers, PIPPIN is surging up again!
The hourly chart shows a piercing arrow, and the daily chart is taking off with a big bullish candle!
The trading volume has exploded, and the FOMO sentiment is outrageous, typical of a terminal surge + attracting retail investors for the final leg.
Look at the 1-hour chart:
Continuous bullish candles without pullbacks
Moving averages are in a bullish divergence
Trading volume is exceptionally high (the surge volume is several times the usual)
The deviation is severe, detaching from the MA, which is a typical "acceleration phase"
Now let's look at the daily chart:
The previous high around 0.34 is a clear resistance level for the whales
Currently, it is directly hitting the top of the range
Today has already seen an increase of over +50%
This is a position that whales really like for short-term dumping
The current trend is not a steady rise; it is an accelerated rise.
And the biggest characteristic of an accelerated rise is:
The faster it rises, the harder it falls
The upward surge is for retail investors to catch the falling knife, while the dumping is the main course
Especially for meme coins like this, once it reverses, it usually results in a large bearish candle that directly cuts it in half.
0.330 – 0.345 range (previous high main resistance) — main short position for the whales
