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$PIPPIN Once again pushing into resistance levels, the upward move feels elongated.
Trading plan: Short $PIPPIN (maximum 5x)
Entry: 0.86 – 0.90
Stop loss: 1.1
Target 1: 0.81
Target 2: 0.74
Target 3: 0.66
The recent rally looks more like late-stage buyers chasing rather than fresh accumulation. The upward momentum is weakening, and each breakout attempt is quickly sold off. You can sense supply stepping in during strong phases, with expansion slowing down, and the structure beginning to reverse on lower timeframes. If this zone persists, a downward continuation is likely to follow.
Trade #Gate广场发帖领五万美金红包 $PIPPIN here