📉 PIPPIN UNDER PRESSURE: WILL THE CRITICAL SUPPORT HOLD? 🌑📉
Trading Plan:
The 15-minute chart for PIPPIN/USDT shows a significant retracement after a period of high volatility. Currently trading at $0.33762, the price has dropped below its key moving averages, with the MA(99) at $0.36083 now acting as a stiff overhead resistance. While we see a minor attempt to stabilize near the $0.32192 local support, the short-term momentum remains bearish as the price stays trapped under the MA(7) and MA(25). Traders should watch for a decisive breakout above $0.36000 to confirm a trend reversal; otherwise, the risk of testing psychological support at $0.30000 remains high.
💡 QUICK TRADE SETUP (SHORT/REJECTION):
🔴 ENTRY: $0.34000 – $0.35500
🎯 TARGET 1: $0.31500
🎯 TARGET 2: $0.29000
🎯 TARGET 3: $0.26500
🛑 STOP LOSS: $0.37500
Trend: BEARISH CORRECTION 🔴
Trade PIPPIN here 👇
