🧵 $PIPPIN Analysis (15m Timeframe)

1️⃣ After a massive impulse move to 0.6582, price showed a sharp rejection from the upper Bollinger Band.

2️⃣ Strong volume spike confirms the blow-off top structure. Profit-taking followed immediately.

3️⃣ Price retraced toward the mid-Bollinger Band (~0.572 area) and is now attempting stabilization.

4️⃣ Current price: 0.57

Buy pressure slightly stronger in order book, but momentum has cooled.

📉 Bearish Scenario:

If price loses 0.55 support → possible drop toward 0.50 / 0.49 liquidity zone.

📈 Bullish Scenario:

Reclaim and hold above 0.60 → momentum could retest 0.62 – 0.65 resistance.

⚠️ This is a high-volatility structure after a parabolic move. Avoid chasing. Wait for confirmation.

Are you scalping the range or waiting for the next breakout? 👇🚀