$PIPPIN — Rejection at Supply, Momentum Shifting

The daily chart shows a strong rejection from the 0.59–0.60 resistance zone after a parabolic expansion toward 0.77. Price failed to hold above MA(7) and is now slipping back into the prior range. Upside continuation is not holding cleanly, suggesting distribution rather than fresh expansion.

Short $PIPPIN

Entry: 0.56 – 0.60

SL: 0.64

TP 1: 0.50

TP 2: 0.44

TP 3: 0.36

The structure favors mean reversion after the vertical run. As long as price remains below the 0.60 supply zone, downside continuation remains in play.

High volatility — manage risk accordingly.