【$PIPPIN Signal】Short | Massive Volume Surge Followed by Distribution Pattern

$PIPPIN After a nearly 40% single-day surge, it formed a long upper shadow at a high level and began to cool off. This is a typical profit-taking and distribution signal.

🎯 Direction: Short

🎯 Entry: 0.258 - 0.265

🛑 Stop Loss: 0.272 ( Rigid Stop Loss )

🚀 Target 1: 0.235

🚀 Target 2: 0.210

Deep Technical Logic: On the 4H chart, there is a massive spike followed by a pullback. A single candlestick's volume reached 1.18 billion, far exceeding previous levels, but the price failed to hold above the high point, indicating heavy selling pressure overhead. Open interest (OI) remained stable during the price surge rather than increasing synchronously, suggesting the rally was mainly driven by spot trading, with no sustained follow-through from major contracts. Taker sell volume dominates, and the funding rate remains negative, confirming that bearish forces are accumulating at high levels. Currently, the price has retraced to the middle of the first high-volume bullish candle. If it cannot quickly recover above 0.27, it will confirm that upward momentum has exhausted, and the price will test the support zone below.

Trade here 👇 $PIPPIN

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