Do not be careless with $PIPPIN's brother! The main upward trend that just made a profit suddenly hit the brakes. If you misstep in this wave of adjustment, profits will be directly given back!
The previous main upward trend has already finished. Now $PIPPIN is entering the first wave of adjustment. The direction of this pullback will directly determine whether it continues to rise or turns cold.
Key points to remember: 0.48-0.505 is the resistance top. If it rebounds to this, you can reduce your position or lightly short; 0.42-0.48 is the tug-of-war zone; 0.42-0.43 and 0.38-0.40 are support levels. If it breaks below 0.38-0.40, the medium-term upward trend will be in jeopardy.
Don't miss the indicator signals: MACD has formed a dead cross at a high position, the upward momentum is exhausted, and adjustments will take a few 4-hour cycles; RSI has fallen from overbought, stabilizing at 40-50 may stop the decline; increased selling on the way down is a bad sign, while reduced volume is a bottoming signal.
Next, there are three possible trends:
Strong adjustment: 0.42-0.43 holds, rests for a while, then charges for a new high.
Neutral pullback: falls to 0.38-0.40 to wash away floating positions, then rises again.
Trend weakening: falls below 0.38, and it's time to run fast.
Operation reminder: For those holding positions, reduce your position when it rebounds to 0.46-0.475, set a stop loss at 0.42, and withdraw if it breaks; for those without positions, don't chase highs or blindly bottom fish. Wait for bottom signals at 0.38-0.40 before entering.
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