【$PIPPIN Signal】Long! 1H Strong Consolidation, Short Squeeze Brewing

$PIPPIN The 1H timeframe has been consolidating strongly after a large bullish candle yesterday, with the price tightly hugging above the EMA20(1H), refusing to undergo a deep correction. The 4H timeframe has already broken previous highs, showing a stair-step upward trend with strong momentum. The negative funding rate (-0.0332%) and the firm price formation diverge, indicating a typical short squeeze (Short Squeeze) precursor. Stable open interest (OI) suggests that long positions have not been wiped out, and a secondary surge could happen at any time.

🎯Direction: Long (Long)

🎯Entry/Order: Enter at current price 0.7325 - 0.7350 directly (Reason: 1H EMA20 dynamic support zone, at the end of strong consolidation)

🛑Stop Loss: 0.7140 (Reason: Break below the previous low of the 1H consolidation platform and EMA50 support)

🚀Target 1: 0.7560 (Reason: Test previous high resistance, also the 1.272 Fibonacci extension level)

🚀Target 2: 0.7850 (Reason: 4H Fibonacci extension level 1.618)

🛡️Trade Management:

- Position suggestion: Light position (Reason: Intraday gains have exceeded 20%, with high volatility)

- Execution strategy: After the price reaches 0.7560, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.7325. If the price quickly surges above 0.7700, consider taking full profits.

Depth logic: Market depth shows buy orders significantly thicker than sell orders (depth imbalance 21.95%), with obvious large order support. The 1H RSI(71) is in a strong zone but not overbought, leaving room for upward movement. The 4H RSI(82) is high but can be maintained in a hot coin short squeeze scenario. The key is whether the price can hold above 0.7350; if it does, it confirms the end of consolidation and the start of a new upward wave. Market logic indicates that rising prices accompanied by stable positions suggest main force support or new funds entering, rather than just short covering.

Trade here 👇 $PIPPIN

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