Short vs Long: Which side is stronger?
Currently, the Short side has a higher probability unless the price can reclaim and hold above
$0.490.
Short Probability: High. If the support at $0.460 fails, the price is likely to gravity-bleed toward the $0.430 and $0.380 zones.
Long Probability: Low/Speculative. A long position is only viable as a "scalp" if the 4H support at $0.434 holds firmly with a bullish engulfing candle.
Verdict: The trend is Neutral-to-Bearish. Selling the rallies (Shorting at resistance) is the safer play in the current structure.
Trade Setups
Timeframe: 1 Hour (Intraday)
Direction: SHORT 📉
Entry Zone: $0.480 – $0.495
Take Profit: $0.440, $0.410
Stop Loss: $0.525
Risk Profile: High Volatility
Timeframe: 4 Hour (Swing)
Direction: SHORT 📉 (on breakdown)
Entry: Below $0.430 closing.
Take Profit: $0.350, $0.315
Stop Loss: $0.485
Note: Watch for a fake-out at the $0.430 level.
Technical Analysis (PIPPIN/USDT)
1H Chart Analysis: The price is currently trading in the lower half of the Bollinger Bands ($0.472). The RSI is around 40, indicating bearish momentum as it heads toward oversold territory. The price is struggling to reclaim the middle band (MB: $0.484), which is acting as immediate resistance.
4H Chart Analysis: On the higher timeframe, PIPPIN is testing the middle band support at $0.434. This is a "make or break" level. A candle close below this would signal a deeper correction, while holding it could lead to a relief rally.
Market Sentiment: The long upper wick reaching $0.76 shows massive selling pressure and exhaustion at higher levels. Volume is currently thinning out, suggesting the initial hype is cooling off into a consolidation phase.
#Pippin #Pippinusd #PIPPINUSDT永续 #PIPPINUSDT #PIPPINShort $PIPPIN
$ADA $LIGHT