Short-term, it’s not uncommon for a coin to increase 60 times, but PIPPIN’s performance is truly eye-catching—1603% increase over 30 days. Such a trend is enough to make any trader hit the pause button and reconsider. Currently, it’s hovering around 0.472, which has become a point of indecision for many: continue to chase or take profits?

From a data perspective, this coin’s market cap has just surpassed the 1 billion mark. Achieving over 15 times growth in one month is not just a number; it’s also a kind of warning signal. What kind of warning? It’s that early buyers have already made a fortune, and the chips they hold represent significant potential selling pressure. The ceiling for high-multiplier gains is often the liquidity limit and the market sentiment threshold.

On the technical side, the four-hour MACD has shown a golden cross, indicating that buying momentum is indeed entering. However, there are two details worth cautioning. First, the price has already moved far away from the main moving averages, and such divergence is like a runner losing their balance. Second, the resistance levels at 0.51 and 0.57 are right in front; during extreme market conditions, these critical resistances must not be taken lightly.

Another point to note: technical indicators often "fail" or become less effective during rapid surges. A golden cross doesn’t necessarily mean the start of an uptrend; sometimes, it’s the last moment for bulls to celebrate.

Let’s review the market logic. Retail investors see a coin with a 50% daily increase and rush in with red eyes, only to get caught near the all-time high, followed by a sharp correction or worse. This is a story repeated countless times in the crypto market. The faster the rise, the more violent the fall tends to be.

My judgment on PIPPIN is clear: this price level is not suitable for chasing the rally. Instead, it’s time to consider how to protect your profits at high levels. Whether you already hold a position or are eager to jump in, risk management should always come first.