📉 $PIPPIN USDT (Perp) – Bearish Momentum | Short Trade Setup
The chart shows strong bearish continuation after a failed upside move. Price is currently under pressure and sellers are in control.
🔍 Technical Analysis
Price rejected from the 0.77 resistance zone
Strong sell-off candles showing panic selling
Price is trading below EMA 10 & EMA 50
RSI ~34 → bearish momentum, not yet oversold
MACD bearish crossover with expanding red histogram
Overall structure suggests trend shift to downside
🔴 Short Trade Plan (Confirmation-Based)
Short Entry:
0.53 – 0.55 zone
(On pullback or weak retest)
Stop Loss:
0.60
(Above EMA 50 / structure invalidation)
Targets:
TP1: 0.48
TP2: 0.42
TP3: 0.36
🎯 Risk–Reward: Minimum 1:2 (Better if TP2 or TP3 hits)
⚠️ Trade Invalidation
A strong 4H / Daily close above 0.60 will invalidate this short setup
Avoid chasing price; wait for pullback or confirmation
trade now .....................