$PIPPIN Can you believe that it skyrocketed from 0.02 to 0.2, a full 10 times, and it was just a complete wave of increase?!!
Let me analyze the current trend for my brothers who hold positions. This recent high-level pullback is actually the first pullback since the rise. There are two possible scenarios moving forward. The first scenario is the trend shown in the first image, where it can reach a new high again, which will definitely provide a good shorting opportunity that should not be missed; who knows, one might really become rich overnight. The second scenario is shown in the second image where it does not break the new high. In this case, it can also be shorted because it is clearly at a high position, but the subsequent downward force is evidently not as strong as in the first scenario.
To summarize, at this position, do not go long; be patient and wait for shorting opportunities. For those who are already shorting, it’s better to lower the leverage or partially hedge. If opportunities arise later, I will remind everyone again. It is highly likely to be the first scenario of a new high leading to a sharp drop. Everyone just needs to wait and enjoy the ride!
