$PIPPIN Rejection from local maxima near $0.55 with a strong bearish candlestick and momentum shifting to sellers on 1H. Potential short-term correction in progress.

Entry: $0.5050 to $0.5150

Stop Loss: $0.5450

Take Profit:

TP1: $0.4800

TP2: $0.4550

TP3: $0.4200

Why this setup?

Clear rejection from the resistance zone $0.5500

Bearish momentum candlestick after forming a lower high

Oversold move with a pullback structure forming

Place to previous demand near $0.45

Will PIPPIN lose support at $0.50 and continue the correction, or will it bounce for another push to $0.55 first?

Sell and trade $PIPPIN here 👇

PIPPINUSDT

Perp

0.53673

+7.93%