#pippin
The market maker uses these extreme levels to lure new traders and enter into a gradual distribution process (whales selling at the top). It is very likely that a violent correction aimed at testing the pivot point (0.32574) will begin.
The "excellent" sell recommendation (confirmation of failure)
Trade: Sell PIPPIN - Excellent (short)
: Breaking and holding below 0.36896 (upper limit)
Stop loss: 0.38660 (above the 24-hour high)
Market maker's target: Pushing towards the pivot to liquidate new buyers
First target: 0.32574 (pivot point)
Second target: 0.28251 (lower limit)
The currency is considered to be in a technical "bubble" due to the sharp rise and the excessive strength indicator.
Buying at this point is fraught with very high risks.
The safest strategy is to wait for sell signals and confirmation of correction below 0.36896,
$PIPPIN
