A small cryptocurrency with a market value of only 330 million, PIPPIN is staging a thrilling battle between bulls and bears! If you blindly chase the price now, your capital could very likely be halved within the next 24 hours!
Message
Data shows that PIPPIN has surged over 850% in the past 30 days, and the increase since the beginning of the year has reached an astonishing 4255%! This sounds like a myth of getting rich, but Hongcai tells you: behind the surge is a huge profit margin, which could crash at any time! Even more frightening is that the liquidation amount in the past 24 hours has reached $3 million, with short liquidations amounting to 1.81 million, indicating that the main force is violently pushing the price, cleaning out the shorts. But remember, when the shorts are completely cleaned out, the next to be harvested will be the latecomers who chase the highs!
Technical analysis
Prices rebound, but trading volume significantly shrinks, which is solid evidence of weak upward momentum! This wave of increase is just to clean out the shorts;
The heavy resistance levels are at 0.3966, 0.45, and 0.5; each breakthrough requires massive capital.
0.3 dollars is the life support; once it breaks down with volume, it will initiate a cliff-like drop, heading straight for 0.2 or even 0.134.
The market does not lie; the green bars turning into red bars and volume shrinking all tell us: the bull power is weakening!
My viewpoint
In such volatile small cryptocurrencies, emotional trading is equivalent to suicide. Moreover, since it's a coin manipulated by the big players, the market is falling all the way down, and surely some people are shorting, so this wave of increase is just to clean out the shorts. But how can you realize that this wave isn't a mutual massacre of bulls and bears? First, kill the shorts and then lure the longs; the manipulators will never let you taste any sweetness.
My strategy is:
Never heavily invest: positions should not exceed 5% of total capital.
Key position operation: If it breaks through 0.4 with volume and stabilizes, a very small position can follow. If it surges near 0.4 and then falls back, or if a long upper shadow appears, short immediately.
Strict stop-loss: set a stop-loss, lose a little money, and preserving your life is the most important.
Remember, in this market, only those who survive can laugh last.
In fact, this chart hides a 'main force selling signal' that over 95% of retail investors can't understand. Once this signal is confirmed, the price will collapse within a few hours. Do you want to know what this signal is? Do you want to safely exit or even make a profit when others are liquidating? The market changes rapidly; pay attention to me to grasp the lifeline of your account!
Wealth doesn’t come through urgency; making money in the crypto world relies on understanding and patience, not shortcuts and luck! Pay attention to Hongcai and participate in every attack from Hongcai! Hongcai will announce the specific entry time and real-time news every day at Caishen's home! #加密市场观察 $pippin
