⚠️ $PIPPIN — Rejection from Resistance, Bearish Pullback Short Setup 📉
Trading Plan — SHORT $PIPPIN
· Entry: 0.390 – 0.400
· Target 1: 0.360
· Target 2: 0.340
· Target 3: 0.320
· Stop Loss: 0.410
Analysis
$PIPPIN at **$0.39213** is showing signs of rejection after a +7.64% pump, now trading below the 24H high of $0.41418. The price is consolidating near resistance, indicating weakening bullish momentum and potential profit-taking.
The chart reveals a bearish rejection candle and potential double-top formation. A break below $0.380** could trigger a drop toward **$0.360 → $0.340 → $0.320. Only a close above $0.410 would invalidate the short setup.
PIPPINUSDT
Perp
0.42721
+21.12%