After hitting 0.775 high, PIPPIN faced a strong rejection and is now trading around 0.60.
That’s nearly a 22% pullback from the top. Normal correction… or trend reversal? Let’s break it down 👇
📊 1D Structure: • Strong impulsive rally from 0.15 zone • Parabolic move toward 0.77 • First major pullback after vertical expansion • Still holding above key trend support
📊 4H View: • Supertrend support near 0.55–0.56 • Price reacting from 0.558 low • MACD cooling down after overheated rally • Possible consolidation phase starting
🔎 Key Levels To Watch:
🟢 Major Support: 0.55 If this holds → bullish continuation possible
🔵 Current Reaction Zone: 0.60 – 0.62 Needs strength reclaim for upside momentum
🔴 Resistance: 0.68 – 0.70 Break & hold above → retest of 0.77 likely
🚨 If 0.55 breaks: Next support around 0.48 – 0.50
🎯 Possible Trading Approach:
Aggressive: Entry near 0.56 – 0.60 Stop Loss below 0.53 Targets: TP1 → 0.68 TP2 → 0.72 TP3 → 0.77
Conservative: Wait for strong 4H close above 0.70
⚠️ This is an early-stage, high-volatility token. Risk management is everything.
Big moves create big corrections. The real question is — is this accumulation… or distribution?
Pushes higher aren’t holding cleanly and buyers don’t look comfortable defending gains after the surge. Strength keeps getting faded while downside reactions are starting to travel smoother. The flow feels heavy with supply pressing into momentum, which usually favors continuation lower if sellers stay active.