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$PIPPIN /USDT.
Tons of traders were betting the price would fall, but when it started to climb, those short sellers had to scramble to buy back in â which just kicked the price even higher.
So, what is the trend? The bigger trend is still up, but on this short timeframe, it is looking a little tired â maybe even ready for a breather.
Why is PIPPIN going nuts? It Is all about the patternâa textbook parabolic breakout after months of traders quietly piling in. Picture a spring wound up tighter and tighter, then snapping loose. First, the price broke out of that long, boring sideways grind (the âaccumulation baseâ). Then it smashed through a big psychological level, and that kicked off a wave of momentum buying. The final push?
It is about as bullish as it getsâthe price is way above the 200-period moving average. But momentumâs looking overheated. RSI is screaming overbought. It Is like the engineâs redlining, and a sharp pullback is probably around the corner.
If you are dead set on trading, here is how it breaks down:
Bullish: Buy only if $PIPPIN smashes through $0.140 and holds above it. Thatâs a real breakout.
Target: Aim for $0.180.
Stop-loss: $0.125. If it falls back under that, get out fast. .
Bearish: Short only if price breaks and stays below $0.110. That tells you the supportâs toast, and sellers are in control.
Target: Look for a drop to $0.090.
Stop-loss: $0.120.
Trading $PIPPIN in this could make you rich the overnight but wait for a real, high-probability setup.
#Pippin #BinanceFutureSignal #BinanceFutureTrading