$PIPPIN Regarding the subsequent trend of Pippin (PP), it is advised that investors remain cautious and participate in the game with a small position.
From the technical pattern at the weekly level, last week's close left a long upper shadow that peaked at 0.34. According to technical recovery logic, this week marks the beginning of a new cycle, and the price should ideally approach the area of last week's upper shadow. If the price fails to recover the 0.20 level for an extended period, it will lead to a serious deterioration of the chart pattern. Additionally, PP has seen three consecutive weeks of positive closing; if this week cannot continue the momentum and instead turns downward, it will directly undermine this positive candlestick combination.
In terms of chip structure, PP has fallen from the high of 0.34 to 0.14, a decline of over 50%. This deep pullback has effectively cleared the vast majority of high-buying positions. Therefore, it is entirely in line with market logic for the main players to organize a rebound at this position and build a "secondary high point." We need to learn from and utilize this intention of the main players to shake out weak hands, but we must also be aware that the rebound space is limited.
In specific operations, if the price can effectively stabilize above 0.20, the upper space will successively open up to around 0.24 and 0.28. It is worth noting that the current funding rate is favorable for the bulls, and after a deep correction, the main players can easily lift it to 0.24. Therefore, blindly shorting around 0.18 is tantamount to self-destruction. For the bulls, the 0.17 line has established strong support; as long as it does not break below this position, it can be held. Once it breaks below, a decisive stop-loss should be implemented.
From the technical pattern at the weekly level, last week's close left a long upper shadow that peaked at 0.34. According to technical recovery logic, this week marks the beginning of a new cycle, and the price should ideally approach the area of last week's upper shadow. If the price fails to recover the 0.20 level for an extended period, it will lead to a serious deterioration of the chart pattern. Additionally, PP has seen three consecutive weeks of positive closing; if this week cannot continue the momentum and instead turns downward, it will directly undermine this positive candlestick combination.
In terms of chip structure, PP has fallen from the high of 0.34 to 0.14, a decline of over 50%. This deep pullback has effectively cleared the vast majority of high-buying positions. Therefore, it is entirely in line with market logic for the main players to organize a rebound at this position and build a "secondary high point." We need to learn from and utilize this intention of the main players to shake out weak hands, but we must also be aware that the rebound space is limited.
In specific operations, if the price can effectively stabilize above 0.20, the upper space will successively open up to around 0.24 and 0.28. It is worth noting that the current funding rate is favorable for the bulls, and after a deep correction, the main players can easily lift it to 0.24. Therefore, blindly shorting around 0.18 is tantamount to self-destruction. For the bulls, the 0.17 line has established strong support; as long as it does not break below this position, it can be held. Once it breaks below, a decisive stop-loss should be implemented.
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