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【$PIPPIN Signal】Waiting for a pullback to go long; 1H overbought corrective pullback to the support zone
$PIPPIN 1H: After the upper Bollinger band at 0.0306 was pierced, the RSI touched 68.2, and buying momentum has clearly weakened. Although the 4H MACD is expanding, the price has already deviated from the upper Bollinger band at 0.0295; the order book is deeply imbalanced at -5.37%, with sell pressure in the lead. The funding rate is 0.0461%, neutral; in the short term, one healthy pullback is needed to digest floating positions.
🎯Direction: Long (place orders while waiting for the pullback)
⚡Entry: Place buy orders in the 0.02655-0.03010 range, preferably near 0.02655 (4H EMA20 support zone)
🛑Stop loss: 0.02627 (below EMA20 and the Bollinger lower band)
🚀Target 1: 0.02712 (1H EMA20 resistance)
🚀Target 2: 0.02741 (1H Bollinger middle band)
🛡️Trade management: Take profit and reduce 50% at Target 1, move the stop loss up to break-even; the remaining position looks toward Target 2. If the price breaks below 0.02627, exit unconditionally.
OI (open interest) remains stable, with no sign of additional capital entering the market to confront. The correction after being overbought is normal fluctuation. The risk-reward ratio is about 1:1.3, suitable for small stop-loss, high-frequency targeting.
View real-time market 👇 $PIPPIN
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