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$PIPPIN — rejection near 0.56 range high, momentum fading after extended run.
Short $PIPPIN
Entry: 0.500 – 0.515
SL: 0.558
TP1: 0.455
TP2: 0.407
TP3: 0.316
Price expanded aggressively from 0.43 and tapped the 0.56 liquidity zone, but follow-through stalled. Multiple small candles near the top show exhaustion and supply absorbing bids.
Supertrend is still elevated from the prior move, but structure is flattening. If 0.49–0.50 breaks cleanly, downside acceleration toward the 0.43 base is likely. A deeper sweep into 0.40–0.31 liquidity pocket becomes possible if selling pressure builds.
As long as 0.558 is not reclaimed with strength, bias remains short.
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