$PIPPIN I don't understand Pippin's sideways movement around 0.42 for a whole day. Because based on the long and short positions and open interest, there is no obvious trend until the trap to buy and subsequent drop, which perfectly matches the pattern of rising to the top and then falling along the trend line.

Unfortunately, my psychological stop-loss price was at 0.38, but I woke up to find it already dropped to 0.35... About three hours ago, I opened a small short position, and then PIPPIN also started to decline, rolling some positions.
Now, the drop is a bit beyond expectations. Many people are bottom-fishing at this left-side position, but the more they buy the bottom, the more they get trapped. However, we are still quite far from a trend like beat. To sum up emotionally: the faster the decline, the more likely it is to rebound; sideways decline and gradual drop trap more people.