🔥 $PIPPIN Weak Bounce Into Supply — Sellers Reclaiming Control
The recent bounce lacks strength and is pushing straight into a heavy supply zone. Buyers are struggling to create follow-through, while every small push up is getting sold quickly. This shows distribution and potential continuation to the downside.
📉 Trading Plan: Short $PIPPIN (Max 10x Leverage)
🟢 Entry: 0.485 – 0.515
🛑 Stop Loss: 0.555
🎯 TP1: 0.460
🎯 TP2: 0.420
🎯 TP3: 0.380
💡 Technical View:
• Price tapped into a prior breakdown zone
• Momentum fading on upside attempts
• Quick rejection signals supply absorption
• Liquidity sits below recent swing lows
If price continues accepting below resistance, downside liquidity becomes the magnet. Patience on confirmation is key — let the market show weakness before full exposure.
trade $PIPPIN here
PIPPINUSDT
Διην.
0.499
-0.69%