THE PIPPEN TRAP IS SET
Entry: 0.2550 š©
Target: 0.210 šÆ
Stop Loss: 0.2920 š
Everyone saw the vertical pump on $PIPPIN. It was pure emotion and speed. Now the engine is dead. Price failed hard at the top and the subsequent bounces look absolutely exhausted. Early money is cashing out and new buyers are getting scalped in classic distribution. This short setup is valid as long as we stay below the stop level. The downside is the high probability path after such a violent rejection. Watch for acceleration toward the spot targets.
Not financial advice. Trade safe.
š
PIPPINUSDT
Perp
0.25019
+52.53%