$PIPPIN USDT (1h) - Failed Expansion & Aggressive Bearish Retracement


Bias: Short (Continuation down to Range Lows)
Entry (Zone): 0.02349 – 0.02390
Targets:
TP1: 0.02299
TP2: 0.02260
TP3: 0.02210
Stop Loss: 0.02465
Why this Setup:
I’m leaning short because Pippin (PIPPIN) has suffered a complete structural failure following its recent vertical expansion leg. The price aggressively spiked over a multi-hour stretch to tap a local high of 0.02456, but immediately encountered heavy institutional supply. The breakdown from the top was swift and violent, stripping away almost all the breakout gains in just two consecutive large red hourly candles. The asset has broken straight back below its local volume shelves and is failing to attract any meaningful buying interest at these lower levels. Given the sheer velocity of the rejection and the lack of supportive wicks on the descent, I expect this bearish momentum to persist and slide downward to retest the absolute range floor near 0.02260.
PIPPIN3.15%
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