🚀 $PIPPIN — Bullish trend with the risk of a local correction
Summary:
On the 1H timeframe, PIPPINUSDT maintains a confident upward trend. The price is held above key moving averages; however, indicators suggest local overbought conditions. The primary priority is a long position, considering a possible pullback before continuing the rise.
📊 Indicators (1H):
EMA(21): 0.44812 — price is confidently above, structure is bullish
RSI(14): 75.98 — overbought zone, correction possible
Stochastic RSI: 86.41 — signal for short-term cooling
🧭 Trading Plan (main scenario — LONG):
We expect either a continuation of the impulse or a shallow correction followed by growth.
🎯 Targets:
0.51020 — +3.28%
0.52500 — +6.66%
0.55000 — +11.70%
📍 Entry Points:
Conservatively: 0.4950 — after confirming trend retention
Aggressively: 0.49240 — current levels, considering the risk of correction
🛑 Stop-Loss:
0.48000 — below local support and EMA21
🔚 Conclusion:
The trend remains bullish, but high overbought conditions require discipline. The best approach is to enter on confirmations or on a pullback. Risk control is essential.
Trading 👉$PIPPIN
