【$PIPPIN Signal】Long | Healthy Pullback After Short Squeeze Initiation

$PIPPIN After a single-day surge of 40%, the price consolidates sideways below the previous high resistance zone. This is a typical healthy reset after a short squeeze, not a top.

🎯 Direction: Long

🎯 Entry: 0.3750 - 0.3800

🛑 Stop Loss: 0.3650 ( Rigid stop loss, break below the previous 4H low and EMA20 support )

🚀 Target 1: 0.4100

🚀 Target 2: 0.4500

Market Analysis: After a massive rally, the price consolidates sideways below the key previous high resistance zone of 0.38-0.40. The 4H RSI is as high as 79.4, indicating overbought conditions, but this is a typical feature of a short squeeze.

Hardcore Logic:
1. Short Squeeze Structure Confirmation: Funding rate is only +0.0168%, far from dangerous levels (>0.05%), and open interest (OI) remains stable at 112 million, ruling out the possibility of major players pushing the price up to dump. This aligns with early-stage short squeeze characteristics—shorts have not surrendered en masse, and upward momentum remains.

2. Deep Support and Healthy Correction: Order book depth imbalance reaches 33.72%, with bid depth more than twice the ask depth, indicating strong institutional buy support below. The price remains firmly above EMA20 (0.2923) and EMA50 (0.2565), indicating an intact trend. The current volume-consolidation is a healthy profit-taking and short-term shakeout.

3. Key Level Battles: The entry zone of 0.375-0.38 is the 50% Fibonacci retracement of the previous rally and the 4H order block, also a dense trading zone. Stop loss is set at 0.365, just below the previous low and EMA20, invalidating the logic if broken. The target at 0.41 is a breakout of the previous high, and 0.45 is a Fibonacci extension level. Risk-reward ratio > 2.5, with a significant mathematical advantage.

Trade here 👇 $PIPPIN

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