Hello everyone, I am Si Sheng. Today, while monitoring the market, PIPPIN's trend gave me chills—not because it’s falling, but because it’s rising too ‘strangely’. Just now, its market value surged to a historic high of 450 million dollars, with the price approaching 0.44 dollars. But do you know? This could be a trap, or it could be an opportunity…
1. First, look at the technical aspect: PIPPIN's one-hour wealth chart.
From the one-hour chart, PIPPIN is stuck at a critical position: the resistance level above is 0.46715 for the day, and above that is the pullback resistance level at 0.50518; the support below is at 0.39869, with strong support at 0.34926.
Interestingly, the MACD just formed a golden cross above the zero line, seemingly a strong bullish signal, but both the RSI and MFI have entered the overbought zone—what does this mean? Short-term sentiment is overheated and may adjust at any moment!
2. Looking at the truth behind news surges: you might be 'catching the falling knife.'
Reviewing PIPPIN over the past half month: On December 6, the market cap surpassed $330 million; on December 10, it became the top trading asset on the SOL chain, and today it reached a new high. The news is celebratory, but BlockBeats repeatedly reminds: "Meme coins are highly volatile, relying on market sentiment."
Translated into plain language: The rise is built up by retail investors following the trend, and once the sentiment retreats, the sell-off can be harsher than the spike.
I have seen too many cases: some chase prices at highs, cut losses when there is a 20% pullback, and as a result, when the coin price rises again, they have already fallen before dawn...
What you should do now is not to rush blindly, but to think clearly: Who is the main force planning to cut the chives next?
3. Shisheng's view: If it effectively stands above the key level of 0.43672, consider going long; if it effectively stands below the key level of 0.43672, consider going short.
Shisheng's operational suggestions
1. If you are already in position:
Focus on the resistance level at 0.46715. If the breakout is weak and trading volume shrinks, it is advisable to reduce positions or exit at breakeven; if it can break above 0.50518 with volume, hold for higher targets.
Remember: Profits are made by running, not by fantasizing.
2. If you are out of position and want to enter:
Absolutely do not chase the high! Be patient and wait for a pullback. Short-term support is seen in the range of 0.39869-0.34926; if it can drop to stabilize here, you can build positions gradually.
My experience: "Buy on divergence, sell on consensus"—when the whole network is bullish, be cautious; when the market is panicking, be greedy.
Ultimate risk control principle:
Only play with money you can afford to lose, set stop-loss levels, and decisively exit if they are breached. The volatility of meme coins can lead to heaven or hell in an instant.
Shisheng announces three strategies in the village every day. If you don't have a position of 5 million, please follow Shisheng's real-time suggestions in the village to avoid liquidation risks. The current market is unpredictable, and each villager has different positions; please update in real-time based on the entry points announced by Shisheng in the village!
There are no gods in the crypto world, only teachers with a good mindset. If you don’t know what an effective breakout is or which coins can yield 10 times returns, pay attention to Shisheng, join the village, and the chatroom!$pippin #BinanceABCs
