PIPPIN breaks below the key structure and moves sideways, pretending to be dead; the real direction will be revealed today.

  1. Daily Chart Level (Trend Qualitative)

From the daily chart structure, PIPPIN is overall in a clear downtrend, with highs continuously lowering, drifting from the 0.033 area and weakening along the way, currently falling back to around 0.025.

Key signals:

Highs keep decreasing (0.033 → 0.031 → 0.029) The downtrend structure is intact and not broken Currently in a low-range sideways consolidation phase

Conclusion: The daily chart remains dominated by a bearish market This is not a reversal, just a “breathing” after a decline

  1. 4-Hour Level (Core Structure)

The 4-hour structure is very clear, a typical pattern:

👉 Downtrend → Sideways → Further downtrend → Sideways again

Key changes:

Previously dropped directly from around 0.029 to 0.026 Then touched a low of 0.0241 Currently oscillating around 0.0255

Key levels:

Resistance: 0.0265 Strong resistance: 0.0270 Support: 0.0250 Strong support: 0.0240

Conclusion: The 4-hour chart is in a weak oscillating structure Rebounds lack sustainability, indicating a bearish correction

  1. 1-Hour Level (Short-term Rhythm)

The 1-hour level shows a typical weak oscillation:

Repeated failures to break above 0.0265 Each rebound gets pushed back down Lows are slowly shifting lower

Explanation: 👉 The market shows no active desire to buy 👉 Funds prefer to sell on rallies

Current rhythm:

Unable to go higher Not deep enough to form a strong downtrend (but the trend is bearish)

Conclusion: Short-term is a sideways bearish market

  1. Today’s Core Idea

One sentence: 👉 Don’t expect a reversal, just follow the trend

Today’s core strategy: 👉 Focus on shorting rebounds, with support trading as a secondary approach

  1. Specific Trading Strategies

Strategy One: Short on rebounds (main strategy) Entry: 0.0265 First take profit (+1%): 0.0262 Second take profit (+2%): 0.0259 Stop loss (-1.5%): 0.0269

Logic:

Resistance zone above Multiple failed attempts to break higher confirm

Strategy Two: Long on support (auxiliary) Entry: 0.0250 First take profit (+1%): 0.0253 Second take profit (+2%): 0.0255 Stop loss (-1.5%): 0.0246

Logic:

Support below to catch rebounds Suitable only for short-term trades

  1. Today’s Key Boundary Point

0.0255 is the most important level today

Hold steady → Maintain sideways movement Break below → Directly test 0.024 or even new lows

  1. Final Trading Core Message

PIPPIN’s most typical state now is: 👉 Looks like it’s not falling, but actually it’s slowly dropping

The real opportunity isn’t in bottom-fishing But in shorting during every rebound

PIPPIN-1.65%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin