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

$PIPPIN After a single-day surge of 39%, it has formed a narrow range consolidation at high levels, which is a typical healthy reset after a short squeeze, not a top.

🎯Direction: Long

🎯Entry: 0.355 - 0.357

🛑Stop Loss: 0.331 (Rigid stop loss, below the previous 4H low and EMA20 support)

🚀Target 1: 0.377 (Previous high resistance)

🚀Target 2: 0.400 (Psychological integer level)

Market Analysis: Continuous volume-increasing bullish candles on the 4H chart broke through, with the last candle showing reduced volume sideways movement, indicating selling pressure is waning. RSI(78.76) is in overbought territory, but funding rate(+0.0050%) is moderate, open interest remains stable, ruling out the main force pushing up to dump, which aligns more with short squeeze initiation characteristics.

Logical Core: Deep imbalance reaches 19.73%, with buy-side strength significantly exceeding sell-side, indicating institutions are continuously placing orders near the current price to accumulate. Price remains stable above EMA20(0.2702), with a solid trend structure.

The key point is that after the surge, there is no signal of main force closing positions or extreme positive funding rates, so any volume-reducing pullback to the middle of the initiation bullish candle (0.355-0.357) is a low-risk area for adding longs. Stop loss is set below the volume-increased initiation point, with a risk-reward ratio >2.

Trade here 👇 $PIPPIN

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