2026-01-05 19:24:23

The recent decline of PIPPIN is indeed fierce. Looking at the 4-hour chart, EMA7 has completely broken through EMA25 and EMA99, which is a standard bearish acceleration signal. MACD has even turned green and is still expanding, indicating that selling pressure has not bottomed out yet.

More directly, STOCHRSI has already fallen below the zero line, which on a short-term cycle is basically a sign of extreme oversold conditions. The 24-hour decline is approaching 30%, clearly indicating that the bears are in control of this rhythm.

In this situation, the trend is the direction. Follow the technical analysis; the bearish logic is quite clear. Wait for a rebound to a key level to see if it can hold, otherwise, further decline is highly probable.

PIPPIN-3,44%

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FlatlineTrader

· 01-08 07:14

The short squeeze was indeed fierce this time, but the bottom signal has also appeared. The time to buy the dip is coming. --- I saw the MACD turn green a long time ago, I just didn't expect it to fall so sharply... --- A 30% drop, with such deep oversold conditions, will the rebound directly break through the resistance level above, or will it continue to probe the bottom? I'm a bit conflicted. --- Following the technical analysis is correct, but the problem is, at which point the rebound is considered a key level is anyone's guess. --- Extreme overselling usually means a rebound is imminent, but PIPPIN doesn't follow the usual rules. --- The bearish logic is clear, but there's also a good chance it's a trap. Let's wait and see.

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ser_we_are_ngmi

· 01-07 13:37

Wow, a 30% drop. How panicked must everyone be? The bears are really taking advantage. It's extremely oversold but still being hammered down. It feels like the bottom is still far away. In times like these, a rebound is probably a trap. Let's wait and see. EMA7 has already crossed through, so I really have to admit defeat and follow the bears. The group of people trying to catch the bottom probably want to give up now.

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MetaReckt

· 01-05 19:54

Extreme overselling might actually be a bottom signal; at this point, those who buy the dip are the real winners.

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NeonCollector

· 01-05 19:50

Oversold is oversold. At such times, a rebound that doesn't break through the key level means continuing to break the bottom. There's really nothing to overthink.

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MetaverseVagabond

· 01-05 19:46

No matter how fierce the bears are, you have to look at the bottom. Such oversold conditions usually rebound the most strongly. --- MACD volume expansion turning green is indeed ugly, but a 30% drop so quickly... feels like it has broken through the bottom. --- Once again, it's a clear technical analysis. Last time you said PIPPIN rose 50%. --- Where is the key level? Can you specify a particular price or should we wait for a rebound? --- Extreme overselling should be a bottoming opportunity. Chasing short positions is really a bit of gambling. --- The phrase "trend is the direction" I've heard a thousand times, and each time I end up losing the most. --- Why is it unlikely to probe lower? This wave feels like it could establish a new bottom.

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MetaverseVagabond

· 01-05 19:39

Oversold so aggressively, can the rebound hold steady? It feels like it might drop further.

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retroactive_airdrop

· 01-05 19:32

The bears are about to break through the market, if this rebound can hold steady, it means I lost.

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ProposalManiac

· 01-05 19:31

Overselling makes sense, but the key point is—can you follow a clear trend? How have those who chased the bears historically fared? Aren't there many cases of rebound crushing faces? From a mechanism design perspective, this is a classic case of misaligned incentives.

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