$PIPPIN Long Liquidation
$1.75K longs wiped at $0.47974 as price rejected the prior value area and lost short-term structure. Structure weakens while $PIPPIN stays below 0.498–0.520.
TG1 0.452
TG2 0.418
TG3 0.372
Pro tip: Value-area rejection on volatile names often leads to continuation as leverage unwinds.
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