$PIPPIN is here because price dipped into the intraday low, swept liquidity, and then started ranging instead of breaking down. This doesn’t look like a clean bearish continuation — it looks like the market is absorbing sells and building a base for the next move.

Market read

PIPPIN rejected from the 0.3450 area and slid down into the 0.3290 low zone. After that sweep, it didn’t keep bleeding — it stalled, printed small candles, and kept defending the same range. Right now price is around 0.3329, which tells me we’re sitting inside a tight intraday box. If buyers hold this base, the next push can reclaim the mid-range and expand into the upper liquidity.

Entry point

I’m looking to enter between 0.3320 – 0.3290

This zone matches the sweep-low demand area and the base where price is repeatedly getting defended.

Target point

TP1: 0.3365

TP2: 0.3420

TP3: 0.3485

These levels line up with the prior rejection points inside the range and the next liquidity pocket above the local high.

Stop loss

0.3265

If price loses this level, the base fails and the setup is invalid.

How it’s possible

The drop into 0.3290 looks like a stop hunt because price didn’t continue lower — it bounced and started compressing. That usually means sellers are getting absorbed and buyers are comfortable holding the level. If PIPPIN keeps defending 0.3320 – 0.3290 and then reclaims 0.3365, momentum can flip quickly and push it toward 0.3420 and 0.3485 where liquidity sits.

Risk is tight, structure is clean, and I’m only in as long as that base holds.

Let’s go and Trade now $PIPPIN