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

$PIPPIN The 1H timeframe has entered a strong consolidation after a massive rally, with the price staying close above EMA20(1H), refusing deep retracement. The 4H timeframe has broken through the previous consolidation range, forming an upward trend. The negative funding rate of (-0.0153%) combined with firm price action creates a classic short squeeze pattern, with clear main force support.

🎯Direction: Long (Long)

🎯Entry/Order: 0.663 - 0.666 (Reason: The EMA20 support zone on the 1H timeframe, also the lower boundary of the current consolidation range )

🛑Stop Loss: 0.645 (Reason: Falling below the previous low on the 1H timeframe and the ATR(0.0625) lower band, indicating trend breakdown )

🚀Target 1: 0.689 (Reason: Break above today’s high, testing previous resistance )

🚀Target 2: 0.725 (Reason: Based on the recent rally’s 1.618 Fibonacci extension level )

🛡️Trade Management:

- Position size suggestion: Light position (Reason: Up over 30% intraday, extremely volatile, strict risk control needed )

- Execution strategy: When price reaches 0.689, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.666. If the price cannot hold above 0.666 and weakens, exit immediately.

Depth logic: Market depth shows significant bid stacking, with an imbalance of 16.83%, indicating strong support below. Open interest (OI) remains stable, not significantly reduced by the price increase, suggesting it’s not just short covering but possibly new long positions entering. The 1H RSI(67.15) has healthy pullback from overbought, preparing for further upward movement. Key is whether the price can find support in the 0.663-0.666 range and volume again increases.

Trade here 👇 (

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