The PIPPIN 4-hour chart hides a trap that most traders will not see coming.

$pippin /USDT - Short

Trading plan:

Entry: 0.17997 – 0.18461

SL: 0.196212

TP1: 0.168369

TP2: 0.163728

TP3: 0.154447

Why these settings?

The short trend is supported. The price is at the hourly EMA reference (0.18229) within a daily range, providing a high-probability rejection area. The relative strength index on lower timeframes shows weakness in momentum, supporting movement towards the first target.

Discussion:

Is this the start of a range collapse, or will the daily trend remain stable?

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