#pippn I said it a long time ago, PIPP is definitely going to drop! Brothers, let's feast!

From the current trend, after PIPP surged to a high point, the downward momentum is simply too obvious! After that, it has been sliding down, each wave lower than the previous one. At this rate, it will continue to drop.

Looking at the moving averages, the short-term moving averages have started to turn downward. Moreover, there are clear signs of large sell-offs from those who bought in at high positions, no longer as stable as before. The price wants to rebound but can't, the strength is getting weaker, this is clearly the market digesting the previous gains, now in a stage of up-and-down fluctuations.

Currently, there are too many people trapped at high positions, those shares are piled up and can't be sold. Given the current situation, without large new funds coming in to take these shares away, it's almost impossible to break through resistance and soar in the short term.

As for the current market trend, I haven't seen any signs of stabilizing without dropping, everyone should stay calm.

How will the market move next? In my opinion, I still think it’s more reliable to short at high price levels.

Before the trend is completely clear, let's not rush to fumble around and operate recklessly. Let's observe steadily, move less, and wait patiently for new suitable trading opportunities to emerge.

Are you trapped? When should you add to your position? Feeling confused and helpless not knowing what to do? Follow me, 聊天室 for insights.