We’ve had a massive run on $PIPPIN lately, up over 12% today alone, but the 4H chart is starting to look a bit overheated. We are currently hugging the upper Bollinger Band and seeing some rejection wicks near the 0.675 resistance zone.
I’m personally looking for a scalp short here. If we can't break and hold above the 0.676 mark, a correction toward the 0.62 - 0.60 support levels seems highly likely to flush out some late longs.
My Setup:
Entry: 0.655 - 0.670 zone (looking for weakness)
Targets: 0.625, 0.607, and maybe 0.58 if the sell-off gets spicy.
Stop Loss: Tight. Above 0.685.
The overall market is a bit shaky.
$BTC is hovering at a critical level and
$SOL ecosystem coins are showing signs of exhaustion after the recent pump. Don't get exit liquidity'd!
Trade safe and keep an eye on that funding rate—it’s getting expensive to hold longs.
#Pippin #cryptotrading #Bearish #scalping