【$PIPPIN Signal】Pullback to buy, capital support reveals intentions

$PIPPIN The 1H timeframe repeatedly tests the 0.052-0.055 range, with buy orders clearly stacking around 0.0532, far exceeding sell orders. The 4-hour MACD histogram turns red, but the price is still firmly suppressed by the EMA20, a typical bottom accumulation pattern.

🎯Direction: Long

⚡Entry/Order placement: Gradually accumulate in the 0.0492 - 0.0502 range

🛑Stop loss: 0.0411

🚀Target 1: 0.0864

🚀Target 2: 0.1045

🛡️Trade management:
- Execution strategy: After reaching the first target, reduce half of the position, and move the remaining stop loss up to the entry price. If the price cannot hold above 0.055, consider exiting early.

The RSI on the 1H chart is around 38, far from overbought, leaving ample room for a rebound. Position holdings remain stable, with no large-scale liquidations during price declines, indicating that floating positions are being cleaned up effectively. The area around 0.06 is a dense trading zone and also the resistance of the 4-hour Bollinger middle band, which may cause repeated tests. Currently, the risk-reward ratio exceeds 4, making it worthwhile to use a smaller position to attempt a daily-level oversold rebound.

Check real-time market 👇 $PIPPIN
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