🚨 PIPPIN/USDT: Is the Pullback a Buy Opportunity?

Market Outlook: Pippin (PIPPIN), the native token of a Solana-based AI ecosystem, has experienced a significant and prolonged downtrend since its all-time high in January 2025.

💡 Futures Trading Plan (Neutral Stance):

🟩 Long Entry Trigger: Look for a confirmed, high-volume candle close ABOVE the resistance level of $0.0170 on a higher timeframe (e.g., 4H or Daily). A successful retest of this level, which served as a previous major resistance, could signal a continuation of the bullish momentum seen in previous months. 

💰Targets: $0.0179, $0.0187, and potentially higher toward the key psychological level of $0.020.
🛑Stop Loss: Below the breakout candle's low or below the nearest support zone around $0.0165. 

🟥 Short Entry Trigger: Consider a short if the price breaks decisively BELOW the key support zone of $0.0145–$0.0150 with a closing candle on a higher timeframe.

💰Targets: $0.0140, $0.0135, and lower toward previous support levels.
🛑Stop Loss: Above the breakdown candle's high or above $0.0155.

Your Action Plan:

01 - ⏳ Wait for Confirmation: Do not enter a trade until a clear breakout or breakdown is confirmed by a high-volume candle close. False signals are a high risk during periods of price consolidation. 

02 - 🛡️ Use a Stop-Loss: Always protect your capital. A stop-loss is not optional; it is essential for managing risk in volatile assets like PIPPIN. 

03 - ⚖️ Manage Your Risk Wisely: Consider position sizing appropriate for your risk tolerance. Do not over-leverage, especially given the historical volatility and potential for further downside in PIPPIN.

📢 What are your thoughts?

Vote: Do you think PIPPIN will rebound from its current support or break down further?

Bounce and Break Higher
Fall Back to Lows

Comment: Share your analysis below!