$PIPPIN is showing clear rejection from the $0.518 zone after failing to sustain momentum above $0.50. Price is currently trading below intraday resistance with weakening structure on lower timeframes. Sellers are defending the $0.50 psychological level aggressively, signaling a probable move toward liquidity below $0.47.
Trade Setup
Entry Zone: $0.485 – $0.495
Take Profit 1: $0.472
Take Profit 2: $0.455
Take Profit 3: $0.430 (extended flush)
Stop Loss: $0.512
Short Market Outlook
Momentum is fading after the recent high at $0.51888. Lower highs are forming on lower timeframes, indicating distribution. If price loses $0.473 support (24h low area), acceleration toward $0.45 is likely.
Only a strong reclaim and close above $0.51 would invalidate the bearish bias and shift momentum back to bulls.
Buy and trade here on $PIPPIN
pippin
Alpha
0.4823
-0.76%