Trade Overview
Asset: PIPPIN
Trade Direction: Long (buying, expecting price to go up)
Entry: $0.33950 (current price at or near MA(99))
Stop-Loss: $0.33150 (just below recent swing low)
Take-Profit: $0.35200 (near MA(25) resistance)
Technical Analysis Breakdown
MA(99) Support Bounce
MA(99) is being used as a dynamic support level.
Price hitting this moving average after a steep drop could indicate a potential reversal, especially if the market is oversold.
Oversold Conditions
An “aggressive, oversold dump” suggests buyers may step in as sellers exhaust themselves.
This increases the probability of a short-term relief rally.
Targeting MA(25) Resistance
After the bounce, the next resistance is the MA(25), which is a shorter-term moving average.
This is the take-profit zone ($0.35200), aligning with a conservative exit strategy for a quick swing.
Stop-Loss Placement
Stop is set below the swing low ($0.33150), protecting against further downside if the MA(99) fails to hold.
Risk-Reward
Entry to Stop-Loss: $0.33950 → $0.33150 = $0.008 risk per unit
Entry to Take-Profit: $0.33950 → $0.35200 = $0.0125 potential reward per unit
Risk/Reward Ratio: 0.0125 ÷ 0.008 ≈ 1.56 (reasonable for a short-term aggressive bounce trade)
