After hitting 0.775 high, PIPPIN faced a strong rejection and is now trading around 0.60.
That’s nearly a 22% pullback from the top. Normal correction… or trend reversal? Let’s break it down 👇
📊 1D Structure: • Strong impulsive rally from 0.15 zone • Parabolic move toward 0.77 • First major pullback after vertical expansion • Still holding above key trend support
📊 4H View: • Supertrend support near 0.55–0.56 • Price reacting from 0.558 low • MACD cooling down after overheated rally • Possible consolidation phase starting
🔎 Key Levels To Watch:
🟢 Major Support: 0.55 If this holds → bullish continuation possible
🔵 Current Reaction Zone: 0.60 – 0.62 Needs strength reclaim for upside momentum
🔴 Resistance: 0.68 – 0.70 Break & hold above → retest of 0.77 likely
🚨 If 0.55 breaks: Next support around 0.48 – 0.50
🎯 Possible Trading Approach:
Aggressive: Entry near 0.56 – 0.60 Stop Loss below 0.53 Targets: TP1 → 0.68 TP2 → 0.72 TP3 → 0.77
Conservative: Wait for strong 4H close above 0.70
⚠️ This is an early-stage, high-volatility token. Risk management is everything.
Big moves create big corrections. The real question is — is this accumulation… or distribution?