PIPPINUSDT Perp: Holding Above MA60 Support, Eyes on Breakout 🔄📈
PIPPIN is trading at $0.37998, up +3.68% today, showing renewed bullish momentum. The price is holding just above the MA60 ($0.37920), which now acts as immediate support. The 24-hour range is wide, with resistance at $0.42000 and support at $0.36357, setting the stage for a potential breakout or pullback.
Trade Idea (Support Hold & Breakout):
Scenario 1 (Long on MA60 Support):
Entry Zone: $0.37900 – $0.38100 (near MA60 support bounce)
Stop Loss (SL): Below $0.37600 (break of MA60 structure)
Take Profit Targets (TP):
TP1: $0.39000 (initial resistance)
TP2: $0.40000 (approach 24h high)
Scenario 2 (Long on Breakout):
Entry Trigger: Clear break and hold above $0.38200
Stop Loss (SL): Below $0.37800
Take Profit (TP): $0.39500 → $0.41000
Volume is notable at 153.57M USDT, indicating strong trader interest. A sustained hold above MA60 could signal further upside, while a break below may test lower support.