$PIPPIN – Bearish Structure in Control 📉
$PIPPIN is showing clear signs of bearish dominance following rejection near 0.60. Lower highs are forming on intraday structure, and sellers are aggressively defending supply zones.
📊 Trade Setup – Short
· 📍 Entry: 0.50
· 🛑 Stop Loss: 0.56
· 🎯 Take-Profit Targets:
· TP1: 0.46
· TP2: 0.40
· TP3: 0.35
· TP4: 0.30
Setup Rationale:
✅ Clear rejection near 0.60 — resistance confirmed
✅ Lower highs forming on intraday structure
✅ Bounce attempts lack volume expansion — weak buying interest
✅ Acceptance below 0.50 increases probability of continuation toward 0.46
✅ Clean break of 0.46 exposes 0.40 liquidity quickly
✅ Momentum favors downside while price remains below resistance
Key Levels to Watch:
· Resistance Zone: 0.50 – 0.56
· Support Targets: 0.46 / 0.40 / 0.35 / 0.30
Invalidation:
A sustained reclaim above 0.56 would shift structure neutral and void the short setup.
⚠️ Trade at your own risk. Manage position size and stop-loss accordingly.
👉 [Trade $PIPPIN Here]
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