#$PIPPIN Clear Downtrend 📉
$PIPPIN is still moving in a strong downtrend as the price is trading well below all key Moving Averages:
MA5 = 0.286 | MA10 = 0.296 | MA20 = 0.317 | MA120 = 0.361
This confirms bearish momentum is in control.
RSI levels are also extremely oversold:
RSI 6 = 15 | RSI 12 = 23 | RSI 14 = 25
This shows heavy selling pressure. Keep in mind, in strong downtrends RSI can stay oversold for a long time.
Short Entry Plan 🚨
• Wait for a small pullback toward 0.272 – 0.275 (recent consolidation area) for a better short entry.
• Another option is to enter on a breakdown below 0.267 (current low).
Stop Loss
Place SL around 0.282 due to high volatility.
Target Price 🎯
Aim for 0.256 – 0.241 (major support zone).
Support me just trade here👇
PIPPINUSDT Perp
Price: 0.27551 (-30.07%)
#pippin #pippinusdt