$PIPPIN liquidated longs at $0.48425 after a fast downside spike, which is a classic liquidity grab. This kind of forced exit move often becomes the base for a reversal once selling pressure dries up. The market is now calm again, a strong sign of absorption.
EP: $0.476 – $0.486
TP1: $0.502
TP2: $0.532
TP3: $0.578
SL: $0.456
If $0.470 holds, the bounce setup remains intact.
PIPPINUSDT
Perp
0.0264
+5.34%