$PIPPIN REJECTED AT RESISTANCE, SHORT SETUP IS ACTIVE 🔥
Short PIPPIN Trading Plan (20x)
Entry: 0.01670 – 0.01720
SL: 0.01750
TP: 0.01600
PIPPIN is being rejected at the resistance zone of 0.01670 – 0.01720, and a short setup is active. This zone is showing signs of strong resistance, and the overall structure still favors sellers.
The stop loss is placed at 0.01750, a relatively clean level above the resistance zone. If it is swept, there's no regret. However, if the downward pressure continues, the target of 0.01600 is entirely achievable.
Small price, potential large percentage volatility. The distance from entry to stop loss is quite close (~1.7-4.8%). Suitable for a short-term short trade. Enter a small order and set the stop loss correctly.
Rejected at the active short setup resistance. Have you guys entered a short trade yet? Comment to discuss! 🔥
Short PIPPIN Trading Plan (20x)
Entry: 0.01670 – 0.01720
SL: 0.01750
TP: 0.01600
PIPPIN is being rejected at the resistance zone of 0.01670 – 0.01720, and a short setup is active. This zone is showing signs of strong resistance, and the overall structure still favors sellers.
The stop loss is placed at 0.01750, a relatively clean level above the resistance zone. If it is swept, there's no regret. However, if the downward pressure continues, the target of 0.01600 is entirely achievable.
Small price, potential large percentage volatility. The distance from entry to stop loss is quite close (~1.7-4.8%). Suitable for a short-term short trade. Enter a small order and set the stop loss correctly.
Rejected at the active short setup resistance. Have you guys entered a short trade yet? Comment to discuss! 🔥