PIPPIN's recent performance is worth paying attention to — rebounding from a low of $0.24 to $0.42, it looks like a good rally, but the 1-hour K-line has already reached a critical point, and the rebound momentum is weakening.
This is indeed a good shorting opportunity. Set a stop loss at 0.55, then take profits in stages:
• First target 0.38 (approximately 10% decline) • Second target 0.32 (approximately 24% decline) • Third target 0.28 (approximately 33% decline)
From bottom to top within a day, the technical signals have already given a clear indication. Short sellers can consider entering the market.
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fomo_fighter
· 14h ago
The 0.42 level is a bit shaky; I am more optimistic about the probability of it dropping further.
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ShortingEnthusiast
· 01-10 02:07
Hmm... this rebound is really too fast, gaining so much in one day, it feels a bit unreal.
Wait, your stop-loss is set at 0.55? Isn't that already broken? It seems a bit risky.
I usually don't dare to touch this kind of one-day trading, it's easy to get smashed.
The 0.38 level doesn't seem to have enough pressure, it might just break through directly.
Can you share the basis for your bearish view? Just looking at the K-line alone doesn't seem reliable enough.
Maybe wait for confirmation of the break before entering. Buying now feels like gambling.
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GreenCandleCollector
· 01-09 23:07
It jumped from 0.24 to 0.42 in one day, it does seem like a pullback is coming, but I always feel a bit suspicious about such rapid surges.
Be cautious when entering short positions; a weakening rebound momentum doesn't mean it will crash immediately.
Stop loss at 0.55 feels a bit loose? This coin is quite volatile.
I think the 0.38 level might be hard to break through; the more likely scenario is a direct surge to 0.32.
If it really drops to 0.28 this time, I would laugh— a month's worth of gains would be gone instantly.
Honestly, I didn't enter; I just watched from the side, feeling like something is missing— a confirmation signal.
Has anyone gone short? What’s the current price level?
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GasFeeAssassin
· 01-09 17:58
Here we go again with this set? 0.42 was said to have no momentum left, but I think the bulls haven't exerted much effort yet.
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It's a bit early, buddy. The rebound only lasted a few hours before starting to take profits in batches. This pace is a bit rushed.
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Is a single day from bottom to top considered a clear signal? I've seen this kind of signal many times last year, and it caused many people to get cut.
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Where does the stop loss at 0.55 come from? It feels like the room left is too large.
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I don't really trade PIPPIN, but I’ve seen too many of these extreme analyses, and they all end in failure.
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The idea of taking profits in batches is good, but don’t expect to follow the textbook. In the crypto world, luck is what matters.
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Hmm... let’s wait and see first, and if it breaks down, then we’ll decide.
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StableBoi
· 01-09 17:57
Hmm... rebounding from 0.24 to 0.42 in one go is indeed a bit fast, but I still need to see if I can push for another wave. After all, this kind of coin often scams traders.
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HappyToBeDumped
· 01-09 17:50
Oops, another "clear signal"… Last time was the same thing, haha.
If 0.42 really tops out, I'll eat shit. Anyway, I can always find reasons to say the technicals are how they are.
Don't ask me why, I just find this routine a bit annoying.
One day from bottom to top? Bro, you're talking easy. My funds definitely won't move that fast.
Shorting is fine, but don't boast so confidently.
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SerumSqueezer
· 01-09 17:41
Oh my, the 0.42 level indeed looks like a top, but I’m not really confident to bet on a short... Last time PIPPIN rebounded like this, it directly broke the top.
The technicals seem to be in place, but I’m worried that a reversal on a daily K-line often tricks retail investors into losing.
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SmartContractRebel
· 01-09 17:41
It's that pattern of skyrocketing from a low point to a high point again. You really only realize how painful it is when you fall down.
PIPPIN's recent performance is worth paying attention to — rebounding from a low of $0.24 to $0.42, it looks like a good rally, but the 1-hour K-line has already reached a critical point, and the rebound momentum is weakening.
This is indeed a good shorting opportunity. Set a stop loss at 0.55, then take profits in stages:
• First target 0.38 (approximately 10% decline)
• Second target 0.32 (approximately 24% decline)
• Third target 0.28 (approximately 33% decline)
From bottom to top within a day, the technical signals have already given a clear indication. Short sellers can consider entering the market.