【$PIPPIN Signal】Pullback to go long, betting on 4H trend continuation

$PIPPIN 1H MACD death cross diverging downward, price rapidly breaks below the middle band of Bollinger Bands from the upper band. Although the 4H level is above the middle band of Bollinger, the depth of buying is imbalanced at 13.96%, and active selling pressure is accumulating.

Price retraced to around 0.03106 to go long, this position is the resonance zone of the 4H EMA50 and the 1H lower Bollinger Band.

🛑Defense must be placed below 0.03081; if broken, exit and admit defeat.

🚀First target is 0.03560, which is the resistance level of the 1H EMA20.

🚀Second target is 0.03575, close to the previous small-level platform high.

🛡️Trading management: - Execution strategy: When the price hits 0.03560, reduce half of the position; the remaining position's stop loss is moved up to the cost price. If the price cannot hold above 0.03560 and falls back, close all positions.

Order book data shows buy orders are still decent, but the funding rate at 0.0281% is relatively high, posing a short-term liquidation risk for longs. The 1H trading volume expands during price decline, which is not a good sign. Although the 4H MACD red bars are shortening, the 1H level has already weakened, requiring a strong price confirmation to reverse the downward trend. The risk-reward ratio is acceptable, but strict adherence to the plan is necessary.

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