@Binance BiBi summarize this content

PIPPIN carnival is over, the daily level 'hunting moment' has arrived 🩸
​I see everyone online shouting to buy PIPPIN, but I must pour a bucket of cold water. As traders, we need to focus on candlesticks, not emotions. This chart has already given a very dangerous signal:
​📊 The chart does not lie:
​Shooting Star: The candlestick from yesterday that surged and then fell back, reaching a high of 0.08568 before being quickly pushed down, left a very long upper shadow. This in technical analysis means that the bullish strength has been exhausted, and bearish forces have already entered.
​Moving Average Divergence: Currently, the price is 0.069, while the MA99 moving average is still around 0.022. This huge gap is usually corrected by a 'sharp decline.'
​Chip Gap: The rise in the middle was too fast with insufficient turnover; once it breaks below the key support at 0.06, there will be almost no buying support below, which will directly trigger a sell-off.
​💡 My judgment:
Chasing buys at this moment has a very poor risk-reward ratio. I believe the main forces are distributing chips at a high level.
I have positioned myself with short orders around 0.069; this is an excellent gaming position. Use the previous high as defense to aim for the huge potential downward correction.
​Trading is not about who runs faster; it's about who survives longer. I've already reserved my spot for this waterfall.📉
​#PIPPIN #TechnicalAnalysis #MajorDistribution #ShortLogic #Binance