$PIPPIN is currently undergoing a healthy pullback and token exchange above the critical breakout level after a surge of 28%. The 4H K-line shows that buying pressure continues to absorb selling pressure (Buy/Sell Ratio > 0.5), and Takers continue to buy, but the open interest remains stable (OI Stable), indicating that this is not just a simple short squeeze, but rather a consolidation after new long positions have entered.
🎯Direction: Go long
🎯Entry: 0.255 - 0.262
🛑Stop Loss: 0.245 (rigid stop loss)
🚀Target 1: 0.295
🚀Target 2: 0.305
The logic is solid: after breaking the previous high of 0.250, a dense trading area forms between 0.255-0.263, which serves as a new benchmark for bulls. The 4H chart shows three consecutive K-line high points moving down, but the low points remain intact, indicating strong consolidation. The order book shows sparse sell orders, with little resistance above. The funding rate is still low, with no signs of overheating. The core idea is that the contraction after the explosive bullish candlestick is a typical structure for bullish accumulation; as long as the previous high support is not broken, the probability of moving upwards is far greater than that of moving downwards.
Trade here 👇$pippin
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