$PIPPIN delivered a vertical 4H impulse from sub-0.20 — 0.41, printing consecutive expansion candles with volume backing the breakout. However, price is now showing rejection wicks near highs — early signs of momentum cooling after the blow-off leg.
Structure remains bullish overall, but short-term looks stretched — favoring a pullback before continuation rather than immediate upside.
Short Setup:
Entry: 0.378 – 0.395
SL: 0.428
TP1: 0.342
TP2: 0.305
TP3: 0.268
If price reclaims and accepts above 0.41 supply, the short thesis weakens — but while capped below highs, downside mean reversion remains the higher-probability path. Manage risk.
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PIPPINUSDT
Perp
0.48462
+3.12%