【$PIPPIN Signal】Bullish | Short Squeeze Initiated, Breakout Confirmed on Pullback

$PIPPIN After a volume breakout of the previous consolidation range on the 4H timeframe, a healthy pullback is underway. 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, 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 breakout zone (0.444-0.451 area). 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; setting stop loss below the previous low can effectively filter noise.

Trade here 👇 $PIPPIN

---

Follow me: Get more real-time analysis and insights on the crypto market!