Brothers, don't short $PIPPIN anymore, it's just lonely.
This market is too vicious, a spike of 50 points, a typical emotion-driven short squeeze market, this kind of movement has exceeded the scope of conventional technical analysis.
Even this leveraged 5x can't hold up, it's too scary, how many people have been harvested with this spike?
In the short term, we need to see if a support platform can form in the range of $0.70-$0.72. If it can oscillate and change hands at this level, it may digest extreme volatility over time; if it directly falls below $0.65, it may form a classic harvesting pattern of "sharp rise - sharp fall".
