$PIPPIN Alert: Liquidation Cascade Incoming? 📉💀
The parabolic rally in $PIPPIN is showing classic signs of a blow-off top. After hitting an intraday high near $0.81, the price has already broken down below major support levels, leaving millions in long positions trapped.
Why the "Short" Conviction is High:
Liquidation Trap: Data suggests nearly 1.8 million long positions are hanging at the top around $0.81. With the price now struggling below $0.65, a small push could trigger a chain liquidation, driving the price instantly toward $0.40.
Artificial Hype: The rally occurred without major project updates, driven purely by leverage and aggressive marketing.
Speculative Exhaustion: Futures Open Interest (OI) hit record highs near $217M, making the market extremely top-heavy and sensitive to any selling pressure.
Trade Strategy:
Action: Market Order Short In! 📉
Conviction: Added 150k units to the short position.
Targets: Eyeing a breakdown below the $0.56 - $0.40 support zones.
Risk Warning: $PIPPIN is highly volatile. Use proper leverage and strict stop-losses to protect your capital. DYOR!
Are you exit-liquidity or are you shorting the crash? Share your thoughts below! 👇
#PIPPIN #ShortSignal #CryptoAnalysis #BinanceSquare #Write2Earn
Click here to Trade 👇👇👇🚀
