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

$PIPPIN After a single-day surge of 16%, it consolidates at a high level below the previous resistance zone. RSI(86) is severely overbought, but funding rate(0.03%) remains mild, open interest (OI) is stable, and deep buy orders are significantly thicker than sell orders(imbalance 28%), indicating a healthy reset after a typical short squeeze rather than a top.

🎯Direction: Long

🎯Entry: 0.435 - 0.445 (Rebound to the breakout level of the previous 4H candlestick and EMA20 support zone)

🛑Stop Loss: 0.415 (Break below the low of the previous 4H candlestick and ATR lower band, rigid stop loss)

🚀Target 1: 0.495 (Previous wave high and psychological resistance level)

🚀Target 2: 0.530 (Fibonacci 1.618 extension level)

Hardcore Logic: After the price strongly broke through EMA20(0.341), stable OI indicates that the move is not purely driven by long liquidation. The deep imbalance(28%) shows active buy orders below the current price, a typical feature of institutional support. Despite the extremely high RSI, the funding rate is not overheated, and the buy/sell transaction ratio remains around 0.51, indicating market sentiment is not at an extreme greed level. The current pullback volume is shrinking, which is a healthy profit-taking process. As long as it does not fall below the key support zone of 0.415-0.420 (former high turned support + ATR), the short squeeze trend is likely to continue.

Trade here 👇 $PIPPIN

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