⚠️ $PIPPIN
Rejecting Lower High Near Supply
🔴 SHORT $PIPPIN
💰 Current: 0.484 (-4.76%)
Price is rejecting near supply after forming a clear lower high — a classic bearish structure signal.
📊 Trade Setup:
🎯 Entry: $0.485 – $0.495
🛑 Stop Loss: $0.538
✅ TP1: $0.448
✅ TP2: $0.405
✅ TP3: $0.358
📉 Market Structure Insight:
Failed to sustain above recent resistance
Lower high formation confirmed
Weak upside momentum
Sellers defending supply zone
If price continues respecting the bearish structure, downside continuation remains the higher-probability scenario.
🟢 Invalidation:
If price reclaims and holds above resistance, the short thesis is invalid.
⚠️ Volatility is high — protect your capital.
Always use a stop loss and manage risk properly. 🎯💼
Momentum favors the bears… but reaction at supply is key. 👀