Cena pippinPIPPIN

$PIPPIN short now

$PIPPIN rejected sharply from the 0.51 area and saw a strong sell-off, breaking below the key short-term structure and dropping into the 0.42 zone. This move clearly shows sellers in control after distribution at the top, with momentum shifting bearish on the lower timeframe. Price is now attempting to stabilize around the 0.42–0.43 area, which is acting as an interim support. However, the overall structure remains weak as long as price stays below the 0.45–0.46 resistance zone. Any bounce toward this region is likely to be corrective rather than a trend reversal. If 0.42 fails to hold, another leg down toward the lower support is very possible. Only a clean reclaim and hold above 0.46 would improve the structure for bulls. Until then, short scalps offer a better probability setup based on current momentum.

$PIPPIN - 4H bearish momentum confirmed, sellers in full control. Short $PIPPIN Entry: Now - Market Price SL: 0.54614 TP: 0.42877 - 0.38162 The 4H chart shows a clear bearish shift with strong selling pressure dominating. The structure favors a continued move down toward the lower support zones. PIPPIN

$PIPPIN Based on the provided chart data for PIPPINUSDT, here is a technical analysis for identifying a potential Short Entry level: --- Current Market Context · Last Price: 0.50008 · 24h Change: +20.64% (strong uptrend) · 24h High: 0.51654 · 24h Low: 0.39529 · MAs: · MA(5): 0.49964 · MA(10): 0.49867 · MA(20): 0.49585 · Short Position Interest: +3.61% (indicates some short positioning) --- Key Resistance & Support Levels · Immediate Resistance: 0.51654 (24h high) · Immediate Support: 0.49585 (MA20) · Strong Support: 0.44723–0.40763 (previous consolidation zone) --- Suggested Short Entry Level Given the strong recent uptrend, entering short at the current price (0.50008) is risky. A more conservative approach would be to wait for: 1. Rejection at Resistance: · Entry Zone: 0.51300 – 0.51650 · Why? This is near the 24h high where price may face selling pressure. · Confirmation: Look for bearish candlestick patterns (e.g., shooting star, bearish engulfing) on the 1H or 4H chart. 2. Breakdown Below MA Support: · Entry Trigger: Close below 0.49500 (below MA20) · Why? This would indicate weakening bullish momentum and potential trend reversal. --- Stop-Loss & Take-Profit Suggestions · Stop-Loss (SL): Above 0.52000 (just above 24h high) · Take-Profit (TP) Levels: · TP1: 0.48684 (near recent low) · TP2: 0.44723 (stronger support) · TP3: 0.40763 (next major support) --- Additional Notes · The market is currently in a strong uptrend; do not force a short trade without clear reversal signals. · Monitor volume: Decreasing volume on rallies and increasing volume on pullbacks can signal exhaustion. · Consider waiting for a lower high structure to form before entering short. --- Summary of Short Entry Strategy · Ideal Entry Zone: 0.51300 – 0.51650 (with rejection confirmation) · Alternative Entry: Break below 0.49500 with volume · Risk Management: Always use SL and size positions appropriately. Would you like me to clarify any part of this analysis or adjust the levels based on additional criteria?