Recently, watching the fluctuations of PIPPIN, I feel that the momentum of long positions has really broken. The previous rebound momentum has disappeared without a trace. Looking at the 15-minute and 1-hour Candlestick charts, as soon as there is a pullback, it can't hold up, and the moving averages immediately turn downwards. During the rebound, it doesn't even touch the short-term moving averages, and as soon as there is a bit of pressure, it gets dumped. The bullish momentum of MACD has nearly leaked out, with green bars gradually surfacing, and the rhythm of the decline has become obvious.

From the perspective of capital, long positions have been completely abandoned. Once the consensus among short positions is formed, the active dumping begins, and the price is pressed down all the way, with no decent buy orders coming in. This indicates that capital has collectively shifted to the rhythm of shorting.

Just follow this new trend in your operations. Treat the recent small rebound high points as stop-loss points, and aim for the previous support areas. As long as the moving averages maintain a bearish arrangement and are not broken, the inertia of this decline will continue, and there is no need to rush to exit.