$PIPPIN is currently trading at 0.32468, showing an increase of +77% over the last 24 hours — this is a classic impulse on increased volumes. However, the technical picture is becoming increasingly tense: RSI (24h) = 78.23, indicating a state of strong overbought conditions. As a rule, in such phases the market either goes into a short-term correction or enters a phase of sideways consolidation before the next movement.
After such vertical growth, the price often forms a local trading zone. The key factor now is the price reaction in the zone 0.295–0.305 — this is where support may form. If buyers hold this range, the market will have the potential to continue the upward movement.
Trading plan:
📈 Bullish scenario:
Entry: $PIPPIN 0.300–0.310
TP: 0.355 / 0.390 / 0.430
SL: ~0.290 (rounding, 2–5% of input)
📉 Bearish scenario:
Entry: $PIPPIN 0.285–0.295 upon breaking support
TP: 0.260 / 0.235
SL: ~0.305
Important: use a small percentage of your deposit per trade and, if possible, move the stop-loss to breakeven upon reaching the first target.
What do you think, is this the start of a new trend or the final stage of the impulse? Share your opinion in the comments 👇 and subscribe to not miss quality analytics and important signals. Copy trading is also available in my profile.
