$PIPPIN is flashing a textbook "Death Slide" on the 1h chart as a massive -31.16% dump sends traders scrambling for the exit!
SHORT: PIPPIN
Entry: 0.4536
Stop-Loss: 0.4900
TP1: 0.4100
TP2: 0.3650
TP3: 0.3300
$PIPPIN is currently trapped in an aggressive downward spiral after its parabolic "God Candle" run peaked at $0.7314. The price has decisively sliced through the EMA(7), EMA(25), and EMA(99) on the 1h timeframe, turning all previous support levels into heavy overhead supply zones.
Momentum is heavily bearish despite the oversold RSI(6) at 18.02, as the sheer volume of $676M suggests a significant distribution phase by whale insiders. Any minor relief bounces toward the 0.4781 resistance (EMA7) are likely to be met with fresh selling pressure as the market seeks a deeper structural floor.
As long as the 0.4900 level remains as the local lower-high resistance, the setup favors a continued bleed toward the primary support clusters in the 0.3300–0.3800 range.
Trade $PIPPIN here 👇
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