$PIPPIN Facing Rejection: Short-Term Sell Opportunity?
$PIPPIN has hit a wall at $0.55, showing strong signs of a pullback. With sellers gaining control on the 1H chart, we are looking at a potential correction toward lower support levels.
The Game Plan
Entry Zone: $0.5050 – $0.5150
Targets (TP): $0.4800 | $0.4550 | $0.4200
Stop Loss: $0.5450
Why the Bearish Outlook?
Resistance Hit: Strong rejection at the $0.55 level.
Momentum Shift: Bearish candles are forming after a "lower high," suggesting the rally is cooling off.
Room to Fall: The price looks overextended and is likely headed back to the $0.45 demand zone.
The Big Question: Will PIPPIN break the $0.50 support and slide further, or will it find its footing for another attempt at the highs?
PIPPINUSDT
Perp
0.61778
+16.15%