🔥 $PIPPIN Short Setup is LIVE! 🔥
The $PIPPIN chart is screaming BEARISH CONTINUATION and is setting up for a sharp move down. This is a classic short setup playing out.
Why the Short Bias?
Supply Rejection: Price is clearly rejecting a 1-hour supply pocket, showing weak follow-through from buyers.
Bearish Structure: Lower-high structures continue to form, confirming the short-term trend.
Fading Momentum: RSI is rolling over, and volume is thinning.
📉 The Plan (Stay Disciplined)
Bias Short
Entry Zone $0.171 - $0.178💲
Stop Loss (SL) $0.188🚫
Take Profit 1 (TP1) $0.162✅
Take Profit 2 (TP2) $0.153✅
Take Profit 3 (TP3) $0.146✅
The Crucial Line: As long as the price stays below $0.188, bearish continuation towards the mid-$0.16s and low-$0.14s is favored.
The current price is around $0.1668, making the TP1 target nearly hit, but the overall structure favors the move to the lower targets.
Stay patient, wait for a clean rejection wick, and stick to the plan with discipline!
