【$PIPPIN Signal】Short squeeze continues + 1H strong consolidation, targeting a second surge

$PIPPIN The 1H timeframe, after experiencing a massive rally, is consolidating in a strong flag pattern at high levels, with the price staying close above EMA20(1H) and refusing a deep correction. A single large bullish candle on the 4H chart confirms an upward trend, currently in a healthy profit-taking phase. Open interest remains stable, funding rates are moderate, and the bullish pattern persists.

🎯Direction: Long (Long)

🎯Entry/Order: 0.632 - 0.638 (Reason: Dynamic support at 1H EMA20 and lower boundary of the flag pattern)

🛑Stop Loss: 0.615 (Reason: Break below the lower boundary of the flag pattern and the previous 1H candle's low)

🚀Target 1: 0.665 (Reason: Previous high resistance and 1.272 Fibonacci extension level)

🚀Target 2: 0.695 (Reason: 1.618 Fibonacci extension level)

🛡️Trade Management:

- Position size suggestion: Light (Reason: Daily gains have exceeded 29%, volatility has increased)

- Execution strategy: If the price surges immediately after entry, take profit at Target 1 and reduce position by 50%, with remaining stop loss moved up to entry price. If the price consolidates in the entry zone for more than 4 consecutive 1H candles without making a new high, consider closing half of the position.

Deep logic: The past 4 hours saw a massive upward move dominated by buying pressure, and market logic suggests combining this with open interest analysis. Currently, open interest remains stable rather than decreasing, indicating it’s not purely a short squeeze; new long positions may be forming. The 1H RSI(83.27) is high but not showing signs of weakening downward momentum, indicating ongoing strength. Buy-side depth around 0.637 provides immediate support. This is a typical momentum continuation in hot coins, with the key being to seize the second surge point after consolidation ends.

View real-time market 👇 $PIPPIN

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