You guys already know I’ve been holding this $PIPPIN shortfor several days now. My original entry was around $0.213 and the trade had gone deep into profit but I didn’t close it.
Why? Because my final target is $0.09, and I’m sticking to the plan. Today, after a sudden spike in volume and price action around $0.34, I decided to DCA heavily into the position. Now my average entry price is $0.308 and I’m more confident than ever.
Here’s what I see: This could be a fake breakout setup. Based on my analysis, $0.40–0.43 could act as a trap zone, luring in late buyers before a sharp drop. I’m watching this closely this play is high conviction.
And guys, this trade is not part of our $100 to $5000 challenge it's my personal trade. If you also want to take it, you can, but at your own risk.
Let’s see who gets shaken out... and who stays smart. #pippin #scam
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