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Brothers! My little sister has been watching $PIPPIN for the past 30 minutes, almost got driven out by the whale!
Just now, $PIPPIN suddenly rebounded sharply from a low point, with the candlestick forming a long lower shadow, and the RSI instantly bounced back from the oversold zone — I’ve seen this move too many times! 📊 Whales love to play this trick right before the final dip, pretending they can't go down further to lure longs to buy the dip, then they continue to dump. I’ve seen it too many times; on the 30-minute chart, once this kind of trap forms, there’s often a bigger drop coming afterward.
Brothers, don’t rush to catch the falling knives now. Wait until $PIPPIN pulls back to the resistance level and RSI forms a death cross before acting! My little sister is bearish on this move, waiting for the whales to finish their trick of enticing longs, then she’ll jump in to take profits.