Trade Setup (15M Timeframe) #Pippin $PIPPIN $pippin

Trend Context:

Price is at 0.18959, sliding lower with EMAs (7, 25, 99) stacked above price → strong short-term bearish bias.
Momentum Indicators:
RSI(6) = 11.5 → Extremely oversold, sellers may be exhausted.
MACD Line = -0.00788 vs Signal = -0.00817 → Bearish, but histogram (-0.00029) shows momentum flattening.

Key Levels:
Immediate Support: 0.18900 (recent low).
Resistance: 0.19336 (EMA7), then 0.20414 (EMA25).
Major Resistance: 0.22720 (EMA99).
Historical High: 0.32317.

Setup Options:

Scalp Long (Oversold Bounce):
Entry: 0.189–0.190.
Target: 0.193 (EMA7).
Stop: Below 0.187.
Risk/Reward ≈ 1:2.

Short on Rejection:
Entry: 0.193–0.195 (EMA7 zone).
Target: 0.189 (support retest).
Stop: Above 0.198.
Risk/Reward ≈ 1:1.5.

Breakout Play (Safer):

Entry: On confirmed 15M close above 0.193.
Target: 0.204 (EMA25).
Stop: Below 0.190.
Risk/Reward ≈ 1:2.

📌 Summary:

The 15M chart is extremely oversold, so a quick bounce is possible. Aggressive scalpers can long near support, while conservative traders may wait for EMA7 reclaim. Shorts remain valid if price rejects at EMA7.