🔻 $PIPPIN USDT PERP – Distribution After Rally?

PIPPIN ran hard from 0.36 → 0.55, printing a strong impulsive leg.

Now price is hovering near 0.518, struggling below the 0.557 major high.

Momentum is cooling. Structure is tightening.

This smells like distribution, not continuation.

📉 Bearish Signals on 1H

• Clear rejection near 0.557 supply

• Multiple wicks showing seller pressure

• MA(7) flattening

• Volume declining after spike

• Price failing to make strong higher high

Bulls pushed. Sellers answered.

🎯 Short Setup

🔴 Rejection Zone: 0.520 – 0.535

✨ Profit Targets:

TP1: 0.490

TP2: 0.460

TP3: 0.436

🛡 Invalidation Zone: Strong 1H close above 0.560

Trade here $PIPPIN

PIPPIN
PIPPINUSDT
0.60409
+19.56%