$PIPPIN has once again broken new highs, rising from the bottom of 0.022 to the current 0.47580, causing quite a few short sellers to be caught off guard. Uncle Duck mentioned this exchange earlier this morning that it might continue to rally and break new highs, so don't blindly short it.
In the last 24 hours, this coin has exploded with a short order of 4.2033 million USD, currently, the funding rate is -0.73 with too many shorts. The operators haven't dumped the market yet, and the shorts have already eaten up the funding costs.
Pullbacks for long positions are more cost-effective than shorting, but this coin is quite volatile, so those who have entered the market should strictly set take-profit and stop-loss orders to avoid being trapped.
In the evening, as the US stock market opens, strong altcoins will be ambushed, and those who trust Uncle Duck can follow along.
