$PIPPIN Short Setup

Entry Zone: 0.495 – 0.505

Bearish Below: 0.490

TP1: 0.470

TP2: 0.450

TP3: 0.420

SL: 0.515

Setup Rationale:

PIPPIN is rejecting the upper range near 0.557 high with a strong bearish candle and sharp -6.64% pullback from recent levels. Price is failing to hold momentum after the parabolic run, now printing lower highs and showing clear distribution. Order book shows massive bid support below but ask pressure building on top, with the current red candle confirming weakness. A clean break and close below 0.490 opens the door for deeper correction toward previous consolidation/support zones.

PIPPINUSDT

Perp

0.52603

+1.10%