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0.0196 this broken price, $PIPPIN was still pretending to be dead at 0.0168 yesterday, now it’s riding an 11% increase again.
Is it a tug-of-war in the capital pool? Or does someone really dare to bet on it hitting 0.02?
Bullish view: First, the AI track remains hot, a mysterious big holder secretly increased positions early in the morning.
Second, the candlestick is above the 5-day moving average, with trading volume doubling compared to yesterday, indicating the main force is testing the market.
Third, the 24-hour high difference is only 3% before breaking 0.02; if it breaks through, it could accelerate the trend.
Bearish view: First, from 0.0168 to 0.0196 without large volume, the follow-up trading is fake.
Second, there are two layers of resistance at 0.02 with stacked orders above, and the market maker loves to make short-term profits.
Third, the same sector’s $GOAT is declining, so the probability of it moving independently and strongly is low.
Trading suggestion: Light positions to test the waters, don’t get too caught up.
Enter around 0.019, stop loss at 0.0178, take profit at 0.0205.
Keep position size at about 10%.
If it can rise, a 1-point gain; if it crashes, a 2-point loss.