【$PIPPIN Signal】Long | Short squeeze underway, breakout confirmed on pullback

After a volume breakout of the previous consolidation range on the 4H timeframe, $PIPPIN is undergoing a healthy pullback. Although RSI is high at (85.59), the funding rate is only 0.005% and open interest remains stable, ruling out the possibility of major players pushing the price up to dump. This is a typical early-stage short squeeze characteristic. The deep imbalance of -20.76% indicates sparse sell orders above, with dense support forming around 0.4518.

🎯 Direction: Long

🎯 Entry: 0.4518 - 0.4530

🛑 Stop Loss: 0.4414 (Break below the previous 4H candle low, with a rigid stop loss)

🚀 Target 1: 0.4713 (Previous high)

🚀 Target 2: 0.5000 (Psychological level)

Logical core: After a strong breakout above EMA20(0.3402) and EMA50(0.2839), the price is making its first pullback to the previous breakout zone (0.444-0.451). Key bullish signals: 1) Breakout accompanied by massive volume (791M), driven by genuine buying; 2) Open interest stable, funding rate healthy, no excessive leverage bubbles; 3) Order book shows heavy bid stacking below 0.4518 (>8000), indicating clear institutional support. The current volume contraction is typical of bullish rotation rather than top distribution. ATR(0.0357) indicates increased volatility, and setting stop loss below the previous low can effectively filter noise.

Trade here 👇 $PIPPIN

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