Today, $PIPPIN is leading the market's downward trend, showing a significant daily decline of -26.58%. With the current price sitting at $0.61397, the momentum is firmly in the hands of the sellers. 📉🐻
However, jumping into a short position immediately after such a sharp, impulsive move increases your risk of being caught in a "dead cat bounce." A more strategic approach is to wait for a corrective pullback before entering.
🎯 Key Resistance Zones for Short Entries:
If we see a retest of these levels, watch for selling pressure:
Zone 1: $0.625 – $0.645
Zone 2: $0.680 – $0.716
🛠 Trading Strategy:
Wait for Confirmation: Don't just set orders; look for volume spikes or bearish price action (like a rejection wick) at these zones.
Market Context: The asset is currently overextended. Patience often pays better than FOMO in high-volatility setups. 🧘♂️📊
⚠️ Disclaimer: This publication is for informational purposes only and does not constitute financial advice. Always perform your own research (DYOR) before trading.
