The short-selling trend for $PIPPIN has become very clear, and this rebound is a typical trap. The price surged to 0.504 and then sharply retreated, forming a diving structure on the 1-hour and 15-minute levels. The short-term moving averages have directly turned downward, and the MACD green bars are releasing quickly, indicating very strong downward momentum.
The funding side can better illustrate the issue, as a high proportion of short-selling accounts among whale traders exists, and there is active selling pressure. Main funds have net outflows within the 15-minute and 30-minute cycles, clearly indicating that large funds are using the rebound to offload.
Technically, the previous upward trend has been broken, and it is currently in a downtrend channel. Rebounds to key resistance levels are being strongly suppressed, indicating that the downward cycle has started. In terms of operations, a light short position can be taken based on the rebound resistance at 0.46, with a stop-loss set above 0.47, targeting the 0.43-0.40 range. If it effectively breaks below 0.40, the downward space will further open up.
