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$PIPPIN
PIPPINUSDT in the 1H frame is giving a pretty good recovery signal after a sharp slug to the 0.0225 area. The price has now regained the entire short-term MA and is approaching the resistance zone near 0.0247–0.0250.
Notable points:
● MA5 cuts to MA10 and MA20 → short-term trend turns bullish.
● Volume increased sharply in the nearest green candles → cash flow returned.
● The structure of creating a higher bottom after the washout shows that the buying force is in control.
Important areas:
● Near support: 0.0240–0.0242
● Strong support: 0.0234–0.0235
● Short resistance: 0.02477
● If the break is strong 0.0250 can be extended to 0.0255–0.0262.
Reference strategy:
● It is possible to watch long when the price stays above 0.0240.
● Entry is good if retest 0.0241–0.0242.
● Stoploss below 0.0234.
● Short TP: 0.0255 → 0.0262.
Currently, the trend is leaning towards short-term increase, but the 0.0247–0.0250 area is quite a strong resistance, so it is necessary to monitor the breakout volume. If the volume continues to maintain high, the possibility of a breakout is positive.
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