$PIPPIN USDT Perp
Price: 0.51907
Approx. INR Value: Rs145.10
Change: -27.86%
PIPPINUSDT has corrected nearly 28%, which tells me momentum has cooled significantly. Personally, when I see a drawdown of this size, I ask myself whether this is a healthy retracement or the beginning of a trend reversal.
The structure here looks like profit booking after a prior run. If I were analyzing this for myself, I would watch for support consolidation around current levels. If price starts moving sideways instead of continuing downward, that signals potential absorption of selling pressure.
For research-based positioning, I would scale in gradually rather than commit fully. Perpetual contracts amplify risk, so I would maintain low leverage and clear invalidation levels. The key question I would focus on is whether volume confirms accumulation or if this is simply a pause before another leg down.
#PEPEBrokeThroughDowntrendLine
