$PIPPIN demonstrates confident dynamics: current price 0.50657, growth over 24 hours +20%. RSI indicator (24h) = 70.21, which indicates an overbought zone, however, in conditions of a strong trend this may mean not a reversal, but a phase of local consolidation before the continuation of growth.
🔍 Technical picture:
The price confidently holds above key short-term supports, volumes remain elevated, which confirms interest from buyers. RSI is close to the critical zone — pullbacks are possible, but the market structure still maintains a bullish character. The main risk is a sharp profit-taking after an impulsive rise.
📈 Bullish scenario:
If the zone 0.48–0.49 is held, continuation of movement is possible.
Entry: $PIPPIN 0.49–0.50
TP: 0.54 / 0.58
SL: 2–5% from the entry point
📉 Bearish scenario:
A breakout at 0.48 will strengthen the correction.
Entry (short/exit): below $PIPPIN 0.48
TP: 0.44 / 0.41
SL: 2–5% from entry
⚠️ Risk management:
It is recommended to use a small percentage of the deposit, and when the price moves in your favor — move SL to breakeven.
💬 Share your opinion in the comments: continuation of growth or a deep correction?
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