【$PIPPIN Signal】Long! Strong breakout on 1H followed by pullback confirmation, main force clearly defending the market

$PIPPIN The 1H timeframe has experienced a massive rally and is now in a healthy retracement consolidation phase. The price is consolidating strongly around 0.688, with the 1H EMA20 (0.6246) crossing above the EMA50 (0.5731) to form a golden cross, creating a strong dynamic support. The 4H level has broken through the previous oscillation range with increased volume, indicating a trend reversal to bullish. Currently, the negative funding rate (-0.0020%) and stable open interest (OI), combined with a dominant buy order depth (bid_ask_ratio_depth: 0.46), form a classic short squeeze structure. The main force is determined to defend the market and refuses to allow a deep correction.

🎯Direction: Long (Long)

🎯Entry/Order: 0.685 - 0.690 (Reason: Support at the lower end of the current strong sideways range, 1H candlestick body support )

🛑Stop Loss: 0.645 (Reason: Break below the previous 1H candlestick low and the bottom of the 4H bullish candle body, trend is broken )

🚀Target 1: 0.730 (Reason: Previous high resistance and 1.272 Fibonacci extension level )

🚀Target 2: 0.780 (Reason: 1.618 Fibonacci extension level, indicating a potential acceleration zone )

🛡️Trade Management:

- Position Size Suggestion: Standard position (Reason: 4H and 1H trend resonance, risk-reward ratio >1.5 )

- Execution Strategy: When the price reaches 0.730, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.690. If the price strongly breaks through 0.730 and stabilizes, consider trailing the remaining position to hold for the second target.

Depth Logic: Market logic indicates rising prices, but with stable rather than exploding OI, ruling out pure FOMO chasing. It appears to be a controlled push by the main force. The 1H RSI (67.31) has healthyly pulled back from overbought territory, preparing for another upward move. The order book shows sell orders stacking above 0.689, but buy orders are more concentrated and continuous around 0.688, indicating strong support below. The buy/sell ratio on the 4H level remains above 0.5, with capital flowing into longs.

Trade here 👇 $PIPPIN

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