【$PIPPIN Signal】Pullback to buy + 1H level retest confirmation, main force clearly intends to support the market

$PIPPIN After experiencing a 24% surge yesterday, the 1H level is currently in a healthy retracement phase, with the price consolidating around 0.616, testing the support strength above the 1H EMA20 (0.5975). On the 4H level, the price has stabilized above the EMA20 (0.5520), indicating that the overall upward trend remains intact, but short-term profit-taking needs to be absorbed. The key point is: open interest (OI) remains stable and has not dropped significantly with the price retracement, indicating that the main capital has not exited the market but is supporting and accumulating at this price level. Sell orders are stacked above 0.61608, but buy order depth is equally substantial, forming a typical high-level turnover structure.

🎯Direction: Long (Long)

🎯Entry/Order: 0.6140 - 0.6170 (Reason: 1H level retest of previous small platform support and EMA20 dynamic support zone, with concentrated buy order depth)

🛑Stop loss: 0.6020 (Reason: Break below the previous 4-hour candle low of 0.6020, and breaking this level would damage the short-term upward structure)

🚀Target 1: 0.6420 (Reason: Previous high resistance level, also the area tested by yesterday’s upper shadow)

🚀Target 2: 0.6650 (Reason: Based on ATR (0.0337) extended by 1.5 times, and the inertial upward target after breaking the previous high)

🛡️Trade management:

- Position suggestion: Light position (Reason: 24-hour volatility reaches 24%, a high-volatility asset, strict risk control is required)

- Execution strategy: After reaching Target 1 (0.6420), reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price (break-even). If the price fails to break through 0.6420 and turns downward, trigger the trailing stop to exit.

Depth logic: The buy/sell ratio on the 4H level reached 0.52 during the most recent bullish candle, indicating buy dominance. The 1H RSI (63.49) has retreated from high levels to a neutral zone, preparing for another upward move. The order book imbalance is -31.62%, showing slightly more selling pressure, which is characteristic of a retracement phase. However, there are over 2,500 units of dense buy orders in the 0.6158-0.6159 zone, forming a strong support. Coupled with a funding rate of 0.0169%, which is positive but not high, there is no serious short squeeze risk, indicating a healthy trend continuation structure. The current strategy is to position in the support zone, betting on a secondary upward attack after the 1H consolidation ends.

Check real-time market 👇 $PIPPIN

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