Bearish rejection near 0.60 resistance signaling potential downside continuation.
$PIPPIN USDT Short Trade Signal
Entry: 0.4750 – 0.4900
Targets:
TP1 – 0.4500
TP2 – 0.4200
TP3 – 0.3800
Stop Loss: 0.5250
Price faced strong rejection from the 0.59–0.60 supply zone after a sharp impulsive move up, followed by weakening momentum on lower timeframes. Current structure suggests a potential lower high formation with increasing sell pressure. If price fails to reclaim 0.50 convincingly, downside continuation toward previous demand levels is likely. Watch volume confirmation for stronger bearish momentum.
PIPPINUSDT
Perp
0.62268
+30.74%