【$PIPPIN Signal】Long - 1H strong consolidation, building momentum to break previous high

$PIPPIN The 1H timeframe is consolidating strongly in the 0.718-0.748 range, with the price staying close above the EMA20 (0.7052), rejecting deep retracements. The 4H timeframe shows a standard upward channel, with EMA20 (0.6199) and EMA50 (0.5618) in a bullish alignment, indicating a solid trend. Currently, the 1H RSI (73.63) is somewhat high, but combined with continuously increasing trading volume and stable open interest (OI), this suggests healthy turnover during a strong rally, not a top divergence. The order book buy depth (Bid/Ask Ratio: 1.43) is clearly in favor, with the main force showing clear intent to support the price.

🎯 Direction: Long (Long)

🎯 Entry/Order: Enter directly in the current price range of 0.732 - 0.735 (Reason: 1H EMA20 dynamic support zone, at the lower end of strong consolidation).

🛑 Stop-loss: 0.710 (Reason: Falling below recent 1H consolidation low and EMA50 support, indicating consolidation failure).

🚀 Target 1: 0.750 (Reason: Previous high resistance level, also a psychological round number).

🚀 Target 2: 0.780 (Reason: Based on the recent wave's 1.382 Fibonacci extension level).

🛡️ Trading Management:

- Position suggestion: Light position up to a standard lot (Reason: Intraday gains are already substantial, volatility is high, risk control is necessary).

- Execution strategy: After the price reaches 0.750 (Target 1), reduce position by 50%, and move the remaining position’s stop-loss up to the entry price of 0.733 (break-even). If the price strongly breaks through 0.755, move the remaining stop-loss to lock in gains and aim for Target 2.

Depth logic: After a 19.67% intraday increase, the price has not retraced significantly. The 4H candlesticks are consecutively bullish, indicating a market logic of “price rising,” and with stable open interest, it suggests not just short covering but new funds entering. The buy depth on the 1H level is substantial, with dense support in the 0.718-0.722 area below. The funding rate of 0.0153% remains healthy, with no excessive leverage risk. Overall, this is a typical strong coin in a stair-step rally, where pullbacks are opportunities.

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