$PIPPIN This round of market movement is quite interesting.

Previously, I judged that it wasn’t suitable to chase shorts, and now it seems that decision was fairly rational—right after I said that, PIPPIN surged by 40%, and the short sellers probably got wrecked.

But thinking calmly, a short-term rebound doesn’t mean a trend reversal. From a fundamentals and position structure perspective, this asset is still likely to retrace in the long run—it’s just a question of when.

This current level actually presents an opportunity window—a pullback after a sharp rise is often more predictable. I’ll be closely watching key resistance levels next, looking for a good entry point to set up short positions. Of course, risk management is always the top priority—don’t let a moment of impulse wipe out your principal.