【$PIPPIN Signal】Short squeeze continues, 1H pullback confirmation followed by breakout attempt

$PIPPIN The 1H timeframe is consolidating strongly above the EMA20, and after a volume breakout on the 4H timeframe, it has entered a pullback confirmation stage. The current price is ranging around 0.716, with the 1H RSI (69.68) pulling back from overbought territory, and the negative funding rate (-0.0193%) combined with firm price action forming a short squeeze pattern. Open interest remains stable, indicating funds have not exited the market. This is a typical strong consolidation, waiting for the next pulse.

🎯Direction: Long (Long)

🎯Entry/Order: 0.712 - 0.715 (Reason: 1H EMA20 dynamic support zone & lower boundary of current consolidation range )

🛑Stop loss: 0.695 (Reason: Break below previous 1H candle low and ATR(0.0615)x1 ATR distance )

🚀Target 1: 0.740 (Reason: Previous high resistance level )

🚀Target 2: 0.780 (Reason: 4H upward wave 1.618 Fibonacci extension level )

🛡️Trade management:

- Position size suggestion: Light position (Reason: Daily gains have exceeded 23%, volatility is extremely high )

- Execution strategy: After the price reaches Target 1 at 0.740, reduce position by 50%, and move the remaining stop loss up to the entry price of 0.715. If the price fails to hold above 0.740 and falls back, exit all positions.

Deep logic: The 4H timeframe shows volume and price rising together, with active buying (buy_sell_ratio > 0.5). Market depth shows concentrated buy orders (10,000+ orders at 0.7157-0.7159), forming a micro support. In a negative funding rate environment, prices do not decline, and open interest remains stable, indicating passive short positions and potential fuel for a short squeeze. If the 1H can hold above EMA20 (0.6649), the probability of a breakout after consolidation increases significantly. The key risk is a market weakening or profit-taking pressure causing a reversal; strict stop-loss is essential.

Trade here 👇 $PIPPIN

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