$IR and $PIPPIN are under clear downside pressure.

IR:

Price fell straight out of the range.

Big red candles, no real base forming yet.

Momentum is still leaning down.

If selling slows, price can move toward 0.164–0.156.

PIPPIN:

Price lost its short-term trend and rolled over.

Lower highs, sellers in control.

Bounces aren’t getting much follow-through.

If weakness continues, price can move toward 0.305–0.285.

Momentum is obvious.

No rush to trade.

Watching structure and letting price show its hand.