I’m watching $pippin right now.
Shorts just got liquidated at 0.45905 for $2.17K. This shows sellers are under pressure. Price is now around 0.462, up 3.4% in 24H.
I still feel downside pressure building.
My short idea:
Sell zone: 0.490 – 0.510
TP1: 0.460
TP2: 0.435
TP3: 0.405
Stop-loss: Above 0.525
Key levels:
Resistance: 0.500 – 0.520
Support: 0.445
I’m bearish in the short term. The bounce looks weak. If volume fades, price can drop fast. I trade what I see, not what I hope.
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