$PIPPIN Short Idea:

Only looking at this if 0.588 breaks and holds as resistance on the 15m chart. It's a counter-trend trade, so be careful.

Stop: Above 0.605. If it gets back in the range, bail.

Targets: 0.550, 0.518, and finally 0.480.

Logic: If we lose the base, we usually drift back down to the moving averages quickly.

Risk: Low leverage, small size (1% max). Don't let the wicks kill your account.