$PIPPIN 📈 Here's what I'm watching right now.
Price is -9.6% at 0.737. Down from 0.825 high, but structure tells a different story.
📊 HTF Structure (4H/1D):
EMAs are stacked bullish—9 above 15 above 50 above 100 above 200. This isn't a trend reversal. This is a pullback in an uptrend. Supertrend far below at 0.411—trend still intact.
🔍 LTF Structure (15m/1h):
Price found support at 0.686, bounced to 0.737. Currently consolidating between 0.73-0.74. Lower highs, but momentum shifting. RSI 43—neutral, room to run.
💣 Smart Money:
Look at funding. 10 of last 11 periods positive—longs paying. But check the outlier: -0.013% on Feb 24. That's shorts getting trapped briefly. Now funding back positive. Pattern: shorts appear, get trapped, price rips.
🎯 Key Levels:
Support: 0.728 (15m range), 0.686 (24h low). Resistance: 0.750 (EMA cluster), 0.780 (recent high).
📈 Indicator Confluence:
· RSI 43—recovered from oversold.
· MACD histogram flattening—momentum returning.
· Volume drying up—sellers exhausted.
· StochRSI 9.8—coiling for a cross up.
· Bollinger Bands compressing—break imminent.
💰 Funding Rate:
CRITICAL. Price down from highs, funding positive = trapped longs are shaken out. When price reclaims 0.74, fresh shorts will enter. That's my fuel.
🎯 Trade Plan (LONG):
· Entry Zone: 0.738 - 0.742
· Why: Break of descending structure + shorts enter here
· Order: Limit @ 0.740
· Stop Loss: 0.725
· Why: Below recent support. If price re-enters the abyss, I'm wrong.
· Take Profits:
· TP1: 0.755 (EMA resistance)
· TP2: 0.780 (swing high)
· TP3: 0.820 (runner)
· R:R: Entry 0.740, Stop 0.725 (risk 0.015). TP1 0.755 (reward 0.015). 1:1.
🧠 Psychology:
Market feels fearful after the drop, but uptrend is intact. That "it's over" feeling? That's weak hands exiting. Smart money accumulates.
⚠️ Conviction: 7/10.
HTF trend strong, funding confirms, only waiting for structure break.
❌ Invalidation:
· 4H close below 0.725.
· Funding flips negative sustained.
