🔻 $PIPPIN – Rejection at Resistance | Short Setup
Price is facing clear rejection near the 0.63–0.64 resistance zone, with structure hinting at a potential lower-high formation. Momentum is beginning to tilt back toward sellers.
📍 SHORT PLAN
Entry Zone: 0.63 – 0.64
🛑 Stop Loss: 0.70
🎯 Target 1: 0.58
🎯 Target 2: 0.53
🎯 Target 3: 0.48
📊 Why This Setup?
• Failure to hold above 0.64 signals supply pressure
• Lower-high structure forming
• Bearish continuation favored below 0.70
A clean rejection inside the entry zone increases the probability of a liquidity move toward 0.58 first. If downside momentum accelerates, deeper targets at 0.53 and 0.48 come into play.
⚠️ Invalidation: A strong reclaim and acceptance above 0.70 would negate the short thesis.
Trade with discipline. Risk management first.
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