⚠️ $PIPPIN — Rejection at Highs, Momentum Fading Short 📉
Trading Plan — SHORT $PIPPIN
· Entry: 0.32700–0.33200
· SL: 0.34000
· TP1: 0.31000
· TP2: 0.30000
Analysis
$PIPPIN at 0.32737 is showing signs of weakness after being rejected from the 24H high (0.39660). Despite the +8.17% daily gain, price is consolidating near the lower end of the daily range, indicating loss of bullish momentum and potential for a retracement.
A breakdown below 0.32000 should target 0.31000 → 0.30000. Only a break above 0.34000 would invalidate the short setup. Look for bearish confirmation on lower timeframes before entering.
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PIPPINUSDT
Perp
0.34207
+7.59%