⚠️ $PIPPIN — Rejected at Highs, Potential Reversal Short 📉
Trading Plan — SHORT $PIPPIN
· Entry: 0.34000–0.34500
· SL: 0.35500
· TP1: 0.32000
· TP2: 0.30000
Analysis
$PIPPIN at 0.34094 is showing weakness after being rejected near the 24H high (0.39660). Despite the +5.90% daily gain, intraday momentum is bearish (-1.56%), indicating potential exhaustion and a reversal.
A breakdown below 0.33000 should target 0.32000 → 0.30000. Only a break above 0.35500 would invalidate the short setup. Look for bearish confirmation on lower timeframes before entering.
PIPPINUSDT
Perp
0.32369
+0.92%
