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【$PIPPIN Signal】1H Bollinger Band upper band resistance, waiting for a pullback to go long
$PIPPIN 4H Bollinger Band upper band at 0.0297 has been pierced, 1H RSI at 71.77 enters overbought zone, MACD histogram at 0.0002 begins to converge, buying momentum slows down. Depth data shows Bid/Ask Ratio at 1.35, with dense high-level orders, increasing potential selling pressure. Current price at 0.03101 is close to the Bollinger Band upper band, funding rate at 0.0463% is slightly bullish but not extreme, bullish and bearish battles intensify.
🎯Direction: Long (pullback order)
⚡Entry/Order: 0.03085 (recommended entry zone upper limit, wait for price to pull back to confirm support)
🛑Stop loss: 0.02637
🚀Target 1: 0.03112
🚀Target 2: 0.03124
🛡️Trade management:
- Execution strategy: Reduce 50% of position after reaching Target 1, and move stop loss to break-even. If price falls back to entry level, automatically exit to protect principal.
Depth logic: OI remains stable but trading volume gradually shrinks, insufficient momentum for chasing highs; RSI shows faint divergence at high levels, short-term pullback probability is higher than continued straight rise. This risk-reward ratio is only effective within a very narrow range, strict order placement is required; if missed, then abandon.
Check real-time market 👇 $PIPPIN
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