Are we going to the bottom? Maximum reached? 🚀⚠️

PIPPIN soared by +60% in a day, but the RSI is already in the zone of 63 – close to overbought. The price has retraced from the maximum of $0.396, currently at $0.343.

The volumes are huge – 6.45 billion PIPPIN, but the MACD is negative and shows weakness of momentum 📉.

$pippin

EMA(20) is above EMA(50) – the trend is generally upward, but be careful: such jumps often end in a correction.

Lock in profits if you're in the green, and wait for a rebound to the supports. Bottom? Possibly, but it's better not to catch a falling knife 🔪

#Trading #Crypto #Analysis #Risks