$PIPPIN Long Liquidation: $1.7314K at $0.30492
PIPPIN prints a sharp long liquidation at $0.30492, showing that buyers failed to defend support as sellers applied heavy pressure. This shakeout forces overleveraged longs out of the market, confirming weakening bullish momentum and allowing bears to drag price into lower-liquidity regions. If sellers continue to dominate the flow, PIPPIN may extend its downward move as long positions remain exposed and vulnerable.
EP: $0.30492
TP: $0.2978
SL: $0.3094
With buying strength fading and bearish pressure tightening its grip, $PIPPIN leans bearish in the short term, favoring continued downside as liquidation momentum accelerates.
