$PIPPIN This wave of rhythm is quite interesting—after a sharp drop, funds flowed back at lightning speed, pulling up nearly 20% in just one hour. The contract positions and transaction volume increased simultaneously, clearly indicating that short-term funds are scrambling to buy.

Looking at the chip structure, large accounts are taking over while retail investors are selling. This kind of "main force buying and retail investors leaving" performance is often a buildup before a surge. The technical indicators are also supportive, with moving averages all turning upwards. Although there is still some distance from the previous high, the momentum of this bullish wave is not so easily dispersed.

However, don’t get too carried away; there will definitely be selling pressure near the previous high. Either take a small position or wait for a small pullback to the 0.38-0.40 range before entering. Risk control must be tightened.

PIPPINUSDT

Perp

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