$PIPPIN – Rejection at Resistance, Trend Remains Bearish
Trading Plan: Short $PIPPIN
Entry: 0.02510 – 0.02580 SL: 0.02690 TP 1: 0.02450 TP 2: 0.02410 TP 3: 0.02383
Price is struggling to break above the immediate resistance level despite a minor bounce. The SuperTrend indicator is firmly in the red zone, confirming that the overall momentum is still favored by the sellers.
The recent green candles lack significant volume to sustain a reversal, suggesting this is just a "relief rally" before another leg down. As long as the price stays below the 0.02600 mark, the structure remains bearish. Expecting a drop back toward the recent lows as the selling pressure re-accelerates.
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