$PIPPIN is currently undergoing a healthy pullback and chip exchange above the key breakout level after a surge of 28%. The 4H K-line shows that buying pressure continues to absorb selling pressure (Buy/Sell Ratio > 0.5), with takers consistently buying, but the open interest remains stable (OI Stable), indicating that it is not merely a short squeeze but a consolidation after new long positions have entered.
🎯Direction: Go long
🎯Entry: 0.255 - 0.262
🛑Stop Loss: 0.245 (rigid stop loss)
🚀Target 1: 0.295
🚀Target 2: 0.305
Hard Logic: After breaking the previous high of 0.250, a dense trading area formed between 0.255-0.263, establishing a new benchmark for bulls. The 4H shows three consecutive K-line highs moving down but the lows remain intact, indicating strong consolidation. The sell orders on the order book are sparse, and there is little resistance above. The funding rate remains low, with no signs of overheating. The key lies in the shrinking consolidation after a large bullish candle, which is a typical accumulation structure for bulls. As long as it does not break the previous high support, the probability of moving up is much greater than moving down.
Trade here 👇$pippin
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