$PIPPIN
PIPPINUSDT – Weak Bounce, Bears Still in Command 🚨
PIPPINUSDT is trading near $0.03234, struggling to hold above the high-volume support cluster ($0.0320–$0.0330).
The price remains below EMA(9), and despite minor intraday bounces, the trend structure stays bearish.
The VPVR shows heavy selling pressure above $0.0335, while MACD is flat to negative — hinting that momentum remains weak with no clear reversal signals yet.
Trade Plan
Entry (Short): $0.0330 – $0.0335 (ideal sell zone near EMA rejection)
Target 1: $0.0318 (support retest zone)
Target 2: $0.0308 (next demand area, book major profits)
Stop Loss: $0.0342 (above resistance and EMA line)
Reason:
PIPPIN is showing consistent lower highs, indicating continuation of downside momentum.
Each recovery attempt is being sold off quickly, confirming bears are still active around $0.033–$0.034.
If the price breaks $0.0318, a sharp continuation to $0.0308 is highly probable.
My View
This setup favors short positions until the structure changes.
Avoid early longs unless a clear close above $0.0342 appears with strong volume.
For now, trend remains bearish, and rallies are likely to face rejection.
Bias: Bearish below $0.0338 | Neutral between $0.0320–$0.0338 | Bullish only above $0.0342
Disclaimer: This analysis is for educational purposes only and not financial advice. Always DYOR before trading.
#Pippin