Long Setup - $PIPPIN
Entry Zone: 0.36200 - 0.3560
Stop Loss: 0.34000
Take Profit Targets:
TP: 0.3820
• Bullish reasoning:
After getting hammered down 24.77% today from the 0.76000 blow-off top, price has finally found buyers stepping in around the 0.36295 low and is now stabilizing right at the convergence of MA(7) at 0.40592 and MA(25) at 0.40827, which creates a solid support cluster for a potential reversal bounce. The violent selloff appears to be exhausting as we’re seeing diminishing selling pressure and volume cooling off from the panic spike.
{future}(PIPPINUSDT)