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⚠️ $PIPPIN faces strong resistance — M-Top collapse setup is loading 🚨
Trading plan — Short $PIPPIN
• Entry: 0.328 – 0.333
• Stop loss: 0.349
• Target 1: 0.317
• Target 2: 0.308
• Target 3: 0.296
Analysis:
The price at 0.33 is strongly rejecting from the nearest resistance, completing a clean M pattern (double top) — a classic bearish reversal structure. Momentum is fading with lower highs, and the repeated failure to break the resistance area indicates that sellers are in control. Moving back to 0.328 – 0.333 gives an ideal opportunity for a short position targeting liquidity areas below 0.317 → 0.308.
If a stronger collapse occurs, the price may extend towards 0.296 where previous demand was stable last time.
The short setup is canceled on any close above 0.349, which nullifies the M structure and returns momentum to the upside. ⚡
Trading plan — Short $PIPPIN
• Entry: 0.328 – 0.333
• Stop loss: 0.349
• Target 1: 0.317
• Target 2: 0.308
• Target 3: 0.296
Analysis:
The price at 0.33 is strongly rejecting from the nearest resistance, completing a clean M pattern (double top) — a classic bearish reversal structure. Momentum is fading with lower highs, and the repeated failure to break the resistance area indicates that sellers are in control. Moving back to 0.328 – 0.333 gives an ideal opportunity for a short position targeting liquidity areas below 0.317 → 0.308.
If a stronger collapse occurs, the price may extend towards 0.296 where previous demand was stable last time.
The short setup is canceled on any close above 0.349, which nullifies the M structure and returns momentum to the upside. ⚡
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