【$PIPPIN Signal】Long | Short squeeze confirmed, deep imbalance supports breakout

$PIPPIN After breaking above previous high resistance with volume on the 4H timeframe, the price is consolidating strongly at high levels. The price stays close above the EMA20, and deep order book shows significantly more buy orders than sell orders, indicating a typical institutional support and accumulation structure.

🎯 Direction: Long

🎯 Entry: 0.458 - 0.468

🛑 Stop Loss: 0.435 ( Break below the previous 4H candle's low, rigid stop loss )

🚀 Target 1: 0.505

🚀 Target 2: 0.545

Market analysis: RSI is at 86.74, indicating overbought conditions, but funding rate is only 0.005%, and open interest remains stable. This rules out the possibility of major players pushing the price up to dump, instead pointing to the early stage of a short squeeze. Deep imbalance reaches 19.95%, with bid walls far thicker than ask walls, showing strong support below.

Core logic: Price action shows volume-driven bullish candles breaking out, then retracing with reduced volume, indicating healthy reset. Key support has shifted from previous high resistance at 0.435 to a strong support level. Combined with order book depth and stable open interest, there is no panic selling pressure, and major players aim for higher levels. ATR is 0.0367, making the stop loss reasonable, with a risk-reward ratio >2.5, offering a clear mathematical advantage.

Trade here 👇 $PIPPIN

---

Follow me: Get more real-time analysis and insights on the crypto market!