🌀$PIPPIN — Momentum spike, patience required
PIPPIN just printed a +5.8% move with 2.7x volume, a clear sign of abnormal activity and short-term accumulation. Indicators across the board lean bullish, but after this kind of impulse, price often needs to retest structure before the next leg.
Key scenarios to watch:
🔹 Pullback setup (preferred):
A retrace into 0.287–0.293 followed by a clear bullish signal (pin bar, engulfing, bullish divergence).
→ Potential long near 0.290
→ Targets: 0.298 → 0.315
→ Invalid if price loses 0.287
🔹 Breakout continuation:
A strong close above 0.298 with volume, then a clean retest holding as support.
→ Upside opens toward 0.315 → 0.338
🔻 Failure scenario:
A confirmed close below 0.287 shifts bias bearish, exposing 0.267 → 0.251. No longs until structure recovers.
This is a momentum environment — waiting for confirmation beats chasing strength.
#PIPPIN #PriceAction #Crypto #Altcoins
