⚠️ $PIPPIN showing rejection at supply — short-term short setup 🔴
Trading Plan — SHORT $PIPPIN
Entry: 0.350–0.360
SL: 0.378
TP1: 0.335
TP2: 0.315
TP3: 0.290
Technical Analysis ⚡
$PIPPIN is stalling near a key supply / resistance zone after an extended push, with momentum starting to fade on lower timeframes. Rejection candles and weakening follow-through suggest distribution rather than continuation.
As long as price stays below 0.360–0.370, downside continuation toward 0.335 → 0.315 → 0.290 remains favored.
The setup becomes invalid if PIPPIN closes above 0.378, which would break resistance and flip the bias back to bullish.
PIPPINUSDT
Perp
0.35856
+14.17%