$PIPPIN
is pushing slightly higher into a key supply area. Price is approaching resistance, and I’m monitoring for potential rejection signals rather than immediate breakout confirmation.
Trade Idea: $PIPPIN (Perp)
Direction: Short bias (use appropriate risk management)
Entry Zone: 0.530 – 0.555
Stop Loss: 0.610
Targets:
• TP1: 0.495
• TP2: 0.440
• TP3: 0.380
Current structure has not clearly shifted bullish on higher timeframes. The recent upside move appears reactive, with momentum weakening after each push. Unless we see strong acceptance and sustained price action above the current supply zone, a rotation lower remains possible.
Always manage risk carefully, especially when using leverage. Adjust position size according to your strategy and risk tolerance.
Not financial advice. Do your own research before trading.
#PIPIPIN