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【$PIPPIN Signal】1H high-level consolidation, placing orders waiting for a pullback to go long
$PIPPIN Half an hour ago, a massive 8% bullish candle was smashed out, with a clear buy-side gap, and deep sell orders pushed the imbalance to -9.28%, but the price stubbornly stayed around 0.0294.
The 4H Bollinger Band upper band at 0.0289 has been broken, RSI at 68.09 approaching overbought territory, 1H MACD bars beginning to contract, bullish momentum marginally weakening.
🎯The current price of 0.02944 has moved out of the optimal entry zone, but the capital support intention remains.
Place a buy order at 0.02929 (upper limit of the range), with stop-loss below 0.02604 to prevent false breakouts and reversals.
🛑First target at 0.02946, reduce half of the position upon reaching; second target at 0.02958, hold remaining position for a breakout.
🛡Execution: Place a Buy Limit order at 0.02929, if not stabilized above 0.0294 within 15 minutes after trigger, actively close to protect principal.
Although selling pressure is heavy, open interest remains stable, and funding rate at 0.0378% is relatively low, so bears dare not bet heavily.
Risk-reward ratio is very low, suitable only for short-term sniper trades, with strict stop-loss.
Check real-time market 👇 $PIPPIN
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