$PIPPIN entered a high-level consolidation after a single-day surge of 52%, with the price maintaining above the breakout zone. This is a typical digestion of profit-taking and a healthy reset, rather than a signal of a top. The trading volume and open interest are synchronously increasing, indicating that major funds are entering the market, rather than a simple short squeeze.
🎯 Direction: Long
🎯 Entry: 0.420 - 0.445
🛑 Stop-loss: 0.395 (rigid stop-loss)
🚀 Target 1: 0.520
🚀 Target 2: 0.600
Market logic: After a massive price surge, it refuses to undergo deep corrections, forming a tight flag consolidation above the previous high area. This structure indicates strong buying pressure absorption, with market sentiment shifting from FOMO to orderly turnover. The increase in open interest confirms the establishment of new long positions, providing fuel for further upward movement. As long as the price remains above the breakout zone (0.40-0.42), the probability of continuing to rise after consolidation is higher. Small losses with large gains, this is a bet on the continuity of the first healthy pullback after the breakout.
Trade here 👇$pippin
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