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🚨 $PIPPIN 1H Short Setup: Fresh Rejection Confirmed! 📉
🎯 **SHORT $PIPPIN Trading Plan**
Entry: $0.181 – $0.184
SL: $0.192
TP1: $0.178
TP2: $0.172
TP3: $0.165
📊 **Technical Analysis for $PIPPIN**
Price has encountered a fresh rejection from the $0.1938 supply wall, signaling a strong re-entry of sellers. This pivotal rollover suggests a bearish sentiment taking hold. 📉
Momentum indicators are weakening across the board. We observe stacking rejection wicks, a declining RSI, and decreasing volume during upward price movements. This confluence points to sustained selling pressure. ⚠️
If this bearish momentum persists, expect a sweep towards the $0.18221 support level. A clean break below this point could unlock deeper downside potential for $PIPPIN.
This short setup is invalidated if the price cleanly breaks above $0.192. Such a move would indicate a bullish flip in the short-term market structure, making the short position risky. ❌
(PIPPINUSDT)
🎯 **SHORT $PIPPIN Trading Plan**
Entry: $0.181 – $0.184
SL: $0.192
TP1: $0.178
TP2: $0.172
TP3: $0.165
📊 **Technical Analysis for $PIPPIN**
Price has encountered a fresh rejection from the $0.1938 supply wall, signaling a strong re-entry of sellers. This pivotal rollover suggests a bearish sentiment taking hold. 📉
Momentum indicators are weakening across the board. We observe stacking rejection wicks, a declining RSI, and decreasing volume during upward price movements. This confluence points to sustained selling pressure. ⚠️
If this bearish momentum persists, expect a sweep towards the $0.18221 support level. A clean break below this point could unlock deeper downside potential for $PIPPIN.
This short setup is invalidated if the price cleanly breaks above $0.192. Such a move would indicate a bullish flip in the short-term market structure, making the short position risky. ❌
(PIPPINUSDT)
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