$PIPPIN /USDT – 1H Perpetual Update

Price has rejected the upper range boundary (~$0.4600) multiple times, forming clear lower highs while maintaining a position above the lower support (~$0.3100–$0.3200).

Structure remains range-bound with diminishing upside momentum. The volume profile shows the strongest confluence in the lower half.

Key levels:
- Resistance: $0.4600 (multi-touch rejection)
- Support: $0.3100–$0.3200 (range lows)

Bias neutral until breakout; sustained move above $0.4700 invalidates range thesis.

Position accordingly—range plays favor defined risk.

DYOR. No financial advice.

🌌 Analysis for $PIPPIN | 5m

- I expect short-term downside movement, with price likely to target the 0.41418 and 0.412 levels, and then possibly extending down to 0.39743 if momentum continues.
- If there is a bullish reaction and reversal confirmation near 0.412 (like a pin bar or strong bullish engulfing), a bounce toward 0.42288 could occur, but this level should be watched for rejection.
- If price closes strongly below 0.412, I anticipate further decline toward 0.39743 and 0.39004, using these as potential support zones for partial profit-taking or reversal setups.
- My bearish bias would only shift to bullish if price reclaims and holds above 0.42288 with strong momentum and a bullish confirmation, targeting 0.43765 next.
- Wait for clear candlestick confirmation or a lower timeframe reversal at critical levels before entering any trade.

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