$pippin has completed a distribution phase after failing to hold above the 0.41–0.45 supply region. The move down from the highs was sharp and impulsive, showing strong seller dominance rather than a normal pullback. The current bounce near 0.33 looks corrective and lacks follow-through, suggesting buyers are still cautious.
Price is now trading below the prior value area around 0.36–0.38, which has flipped into resistance. As long as $pippin remains below this zone, upside attempts are likely to be sold into. The structure on the lower timeframe continues to show lower highs, keeping pressure on the downside.
Immediate support lies near 0.312–0.300. A revisit of this zone is possible if price fails to reclaim resistance. Only a strong hold above 0.38 would weaken the bearish bias and shift momentum back toward buyers.
$pippin Scalp Trade Plan
🔻 Short Scalp
Entry Zone: 0.355 – 0.375
TP1: 0.320
TP2: 0.300
Stop Loss: 0.392
Leverage: 20x – 40x
Margin: 2% – 5%
Risk Management: Book partial at TP1 and move stop to entry
⚠️ Important:
If price breaks and holds above 0.38, do not short — bearish structure is invalidated.
Short #PIPPIN Here 👇👇👇
