💥$PIPPIN is about to face a major drop???
From the current market analysis: #PIPPIN has been hovering above 0.3 for the past few days, with not much fluctuation and signs of weakening, but there are no signs of capital outflow on the chain. This indicates just a normal correction.
A'er led fans to take a small position shorting at 0.32 during lunch, and has already secured some profit, exiting now. For coins like this, if they haven't broken the downtrend, be cautious and don't get too greedy, or it could end badly.
Currently, with the PIPPIN trend, we cannot rule out market makers intentionally pulling back to attract more retail investors and funds to short, while they are also accumulating power, waiting for sufficient momentum to push the price up again.
It's a simple principle: below the bottom of 0.25, we don't know how many retail and large holders are trapped in short positions; would the market makers easily let them break even???
So, give the market makers a bit more time to see how they perform. A'er will also keep a close eye on this coin, and if there are opportunities, will guide fans in their trades.
