Recently, discussions about PIPPIN have noticeably decreased.
Some people are starting to get impatient, some are starting to doubt,
and some are asking a very dangerous question:

"Has it already finished?"

But in my view,
the problem with PIPPIN right now is not about how strong it is,
but rather how you are looking at it.

1. First, the conclusion: PIPPIN is not in the main rising period, nor is it in the garbage time

The current position of PIPPIN,
is exactly the stage where many people are most likely to make wrong decisions.

It's not that kind:
✔ A coin that rises all the way, with explosive emotions
It's also not that kind:
✔ A coin that falls silently with no volume, with funds withdrawing

It is more like:
👉 After the first round of emotional release, it enters a structural digestion phase.

In this stage,
it is least suitable for two types of people:

Those who want to double immediately

Impatient and frequent operators

2. Why does PIPPIN make people feel 'weak'?

From a trading experience perspective,
PIPPIN's recent impression is:

Cannot push up

Frequent pullbacks

As soon as it rises, it gets smashed down

But this does not mean it is truly weak.

Many people have overlooked a key point:
Weakness is relative to 'emotional expectations'.

When the market has overly high expectations for a coin,
any movement that does not meet expectations
will be understood as 'going bad'.

In fact,
PIPPIN now seems to be doing one thing:
repeatedly testing the support.

3. From a structural perspective, what is PIPPIN doing?

If you set aside emotions and look from a structural perspective,
you will find three characteristics:

First, after the price retracement, there was no continuous volume dump.
This indicates that:
Selling pressure comes more from short-term emotional funds,
rather than long-term chips fleeing.

Second, after multiple dips, low-level transactions begin to stabilize.
It's not a quick rebound,
but rather 'someone is willing to buy slowly'.

This is a very typical
structural digestion behavior.

Third, the discussion level has decreased, but transactions have not disappeared.
This is a key point that many people overlook.

The coin that is truly going bad,
is:
No one is discussing, and no one is trading.

4. Why I do not recommend 'frequent trading' PIPPIN at this stage

Because this is a
stage that can easily exhaust one's mindset.

In such a market,
the three most common outcomes are:

You are repeatedly washed out in choppy conditions

As soon as you stop loss, the price rebounds

You start to doubt your judgment and frequently change strategies

In the end, it’s not about losing money due to a big mistake,
but about slowly losing confidence and position.

for ordinary traders,
the most important thing at this stage is not to 'catch the volatility',
but to avoid participating in the wrong rhythm.

5. Contract perspective: The biggest risk point of PIPPIN

if you look at PIPPIN through contracts,
So I want to say a straightforward truth:

This is a coin where 'the direction may be right, but the process is extremely torturous'.

The reason is:

Frequent fluctuations

Emotions fluctuate repeatedly

Funding rates can easily switch back and forth

This means:
You can easily be shaken out
when you are 'right about the big direction',
but are shaken out mid-way.

Therefore, at the contract level,
PIPPIN is not a
suitable target for heavy positions or frequent operations.

6. So, does PIPPIN still have opportunities next?

Yes.
But not in the expectation of 'taking off right now'.

I tend to think that,
the reasonable evolution path for PIPPIN is:

Continue to oscillate, digest chips

Utilize low attention to complete structural adjustments

Choose a direction only after emotions have completely cooled down

The signals that are truly worth paying attention to are not the rises,
but rather:

After the pullback, it no longer makes new lows

The trading at low levels is gradually stabilizing

Emotions are no longer one-sidedly bullish or bearish

7. If you are already paying attention to PIPPIN, what should you do?

I will give you a very realistic reference framework:

1️⃣ There is no need to rush to prove whether it 'is the king'
2️⃣ There is no need to operate repeatedly in choppy conditions
3️⃣ Focus on observing its behavior during low attention periods

The truly valuable market movements
often brew when
everyone is not talking.

PIPPIN is not the type of
coin that ends with a wave of emotion,
but it won’t reward you with 'stimulation'.

It is more like a test of patience.

If your current participation style is:
Urgent, heavy, frequent,
then you are likely to be consumed by it.

If you can achieve:
Slow, light, wait for confirmation,
then at least you won’t become
the fuel of this stage.

The market will eventually move out,
but not everyone
can reach that point.

Living long enough is the prerequisite to talk about profits.

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