🌿 PERSONAL VIEW ON CURRENT PIPPIN MOVEMENT
(Observational sharing, not investment advice)
At this moment, the price of Pippin has surged to around ~0.39 and begins to show signs of stagnation. Below are my observations from price action and volume:
1. The price is currently sideway just below the peak
When an asset is sideway in high ranges, it is often a very sensitive area.
It doesn't necessarily mean it will go up or down immediately, but this is the time:
the market is accumulating new positions
or gradually distributing depending on the cash flow
I only monitor price reactions to guess the market's intentions.
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2. Many upper wicks — a sign that the market is continuously sweeping liquidity
The upper wicks appear quite thick.
This indicates:
each time the price is pushed up, selling pressure appears
the market is testing liquidity above
big players may be taking advantage to sweep short and attract long
I only see this as a signal to be cautious, not as a deciding factor.
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3. Volume is decreasing
Volume has halved compared to the previous strong push phase.
This may signal:
new buying power is not as strong as before
the market is in observation mode
and sometimes this is a transitional phase (continuing to rise or preparing to sell off)
I do not draw conclusions, just noting signals for consideration.
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4. This area is often prone to two-way sweeps
In high price ranges, the market is prone to:
sweep short with rapid push candles
then sweep long with a strong sell-off
This is the normal behavior of thin liquidity pairs that are easy to manipulate.
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5. All of this is just personal observation
I do not advise anyone to buy or sell.
Everyone has their own perspective, plan, and risk appetite.
This article is just for everyone to reference another perspective, avoid FOMO and maintain a steadier mindset.