🚹 $PIPPIN Bearish Trend Intact

Price action continues to confirm a clear downtrend, characterized by a sequence of lower highs and lower lows.

From a structural perspective, the K-line shows price sliding within a descending channel, with a sharp drop from the 0.254 peak to the 0.170 low.

Recent candles display long lower wicks, suggesting short-term demand near 0.171. However, each bounce is met with aggressive selling, highlighting weak rebound strength and volume-price divergence.

Capital Flow:

‱ 1H net outflow: −137K, reinforcing sustained bearish pressure.

📉 Trade Setup — Short $PIPPIN

‱ Entry: Near current levels around 0.176, or on a pullback into the 0.185–0.188 resistance zone for improved risk-reward

‱ Stop Loss: 0.182–0.1835

‱ Target: 0.169–0.171

$PIPPIN

PIPPIN
PIPPINUSDT
0.18333
0.00%

Although RSI is approaching oversold territory, strong capital outflows and persistent sell-side dominance suggest downside momentum remains intact.

⚠ Long positions should only be considered after a confirmed reversal and a firm break above the 0.188 resistance level.

#PIPPIN #PIPPINUSDT 📉