🚨 $PIPPIN Is Setting a Trap Again. Don’t Get Fooled.
Look at this chart carefully.
PIPPIN already showed its true nature once. A big spike, then straight distribution, and since then it has been doing what these coins do best: bleeding slowly while trapping late buyers.
Right now price is sitting just above a weak support zone, moving sideways, looking “stable”. But this kind of stability after a strong downtrend is not strength. It’s usually just preparation for the next leg down.
You can clearly see:
Strong rejection from the supply zone above
Lower highs
No real demand coming in
Just slow grinding price action to keep people hopeful
This is how liquidity is built before another dump.
As long as PIPPIN stays below that heavy resistance area, structure remains bearish and rallies are just selling opportunities.
I’m looking for another leg down from here.
📉 Trade Setup (Short):
Entry: 0.3050
SL: 0.3130
TP: 0.2350
Risk is small. Structure is clear. Reward is decent.
Don’t fall in love with sideways candles. That’s where most people get trapped.
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@Sam48301 Also comment if you’re already in this trade or watching it. 👀
#Pippin #bearish