$PIPPIN
PIPPINUSDT — Rejection from Highs Setup
PIPPINUSDT is trading at $0.471711, showing weak +1.20% daily gain after a massive rejection from the 24h high of $0.55770. Price is consolidating below the $0.50–$0.52 resistance zone. Order book shows 72.29% ask dominance, indicating strong selling pressure at current levels.
Trade Plan
Entry (Short): $0.475–$0.485 (On retest of resistance zone)
Target 1: $0.445–$0.450 (Immediate support)
Target 2: $0.436–$0.430 (24h low retest)
Stop Loss: $0.495 (Above resistance and recent swing high)
My View
PIPPIN shows clear rejection from highs with ask dominance on order book. The higher probability trade is SHORT on retest of the $0.475–$0.485 resistance zone for continuation toward $0.436. This is a momentum exhaustion setup, not a trend reversal call. No long setup until price reclaims $0.50 with volume and order book flips to bid dominance.
