PIPPIN's price action today was indeed brutal. It was slashed by 44% in a single day, and that long red candle on the chart looks like it smashed straight through the floor.

But here’s where it gets interesting—while retail investors were fleeing, on-chain data showed unusually active contract capital flows. Such abnormal fund movements during extreme drops are often not caused by panic selling, but rather someone accumulating positions.

Looking at liquidation data, in the past hour, short liquidations have started to surpass long liquidations. This is a subtle signal: it suggests that the selling pressure from shorts has reached a critical point, and the marginal benefit of pushing the price further down is diminishing. The spring is fully compressed—either it gets squashed further, or it rebounds.

On the technical side, RSI(6) has dropped to 33.17. Historically, this level of oversold usually comes with a short-term corrective rebound. It doesn’t guarantee a V-shaped reversal, but at the very least, the odds of an upward move are increasing.

If you want to participate in this potential rebound, here’s the approach:
The first rebound zone is $0.170–$0.185, which corresponds to a 10%–22% correction range;
The second resistance is at $0.185–$0.21. If it really breaks through, that’s about 20%–35% upside potential.

Of course, the premise is that the $0.130 level must hold. If it breaks, it means the thesis was wrong—admit the mistake and cut losses, don’t hold onto the position.

Left-side trading in extreme markets is essentially a probability bet. While the data may support it, you must maintain position control and strict stop-loss discipline. Start with small positions, don’t go all in.

There are no iron laws in the market, only choices with relatively higher win rates.