$pippin shows signs of weakness:
· Price 0.31324 is below key EMAs (20 and 50), indicating a downtrend.
· RSI(14) ≈ 38 – close to the oversold zone, but has not yet reached it, leaving room for decline.
· MACD is negative: DIF < DEA, histogram is in the negative, confirming bearish momentum.
· Volumes are high, but price increase is minimal (+3.37%), possibly indicating distribution before a decline.
Short idea:
Entry on a bounce to EMA 20 (0.32533) or a break of support at 0.29787 (24h low). Targets: 0.291–0.286.
Stop: above 0.3285.
Risk is moderate, monitor RSI: a sharp drop below 30 may lead to a rebound.
#PIPPIN #Crypto #Trading #Binaries
