Mike On The Move
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Bearish
⚠️ $PIPPIN is slamming into a heavy 0.34–0.35 supply zone — sellers ready to hit back hard! 🔥
Trading Plan — SHORT $PIPPIN
Entry: 0.345–0.355
SL: 0.372
TP1: 0.330
TP2: 0.310
TP3: 0.285
Technical Analysis ⚡
$PIPPIN at 0.350 is pushing directly into a major 6h resistance cluster at 0.34–0.35, a zone that historically triggers strong reactions and reversal wicks. Momentum is slowing as candles show rejection tails, suggesting buyers are losing strength while supply increases.
If sellers defend this region again, downside continuation toward 0.330 → 0.310 → 0.285 becomes highly probable. A clean rejection on lower timeframes with falling volume will confirm the short bias.
The setup becomes invalid if price breaks and holds above 0.372, which would flip structure bullish and invalidate the short thesis.
{future}(PIPPINUSDT)
Trading Plan — SHORT $PIPPIN
Entry: 0.345–0.355
SL: 0.372
TP1: 0.330
TP2: 0.310
TP3: 0.285
Technical Analysis ⚡
$PIPPIN at 0.350 is pushing directly into a major 6h resistance cluster at 0.34–0.35, a zone that historically triggers strong reactions and reversal wicks. Momentum is slowing as candles show rejection tails, suggesting buyers are losing strength while supply increases.
If sellers defend this region again, downside continuation toward 0.330 → 0.310 → 0.285 becomes highly probable. A clean rejection on lower timeframes with falling volume will confirm the short bias.
The setup becomes invalid if price breaks and holds above 0.372, which would flip structure bullish and invalidate the short thesis.
{future}(PIPPINUSDT)
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
PIPPINUSDT
Perp
0.31272
-18.63%
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