【$PIPPIN Signal】Short Sell | Distribution Pattern After Sharp Rally
After a 38% violent surge, $PIPPIN forms a bearish engulfing pattern at a high level, indicating that the main force is distributing.
🎯Direction: Short Sell
🎯Entry: 0.268 - 0.272
🛑Stop Loss: 0.285 (Rigid Stop Loss)
🚀Target 1: 0.245
🚀Target 2: 0.225
Hardcore Logic: The massive long upper shadow on the 4H chart is a clear top signal. Despite the large increase, open interest remains stable (OI Trend: Stable) rather than increasing synchronously, indicating that the rally is driven by spot trading, and the futures main force has not followed up with longs. Key data: Taker Volume shows active selling, funding rate turns negative (-0.0416%), which is a typical “bulls exhausted, bears gathering” structure. The price encounters decisive selling near 0.29, retracement has broken below the midline of the rally, and market psychology has shifted from FOMO to profit-taking. Support below is weak, and the probability of a short is higher.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
【$PIPPIN Signal】Short Sell | Distribution Pattern After Sharp Rally
After a 38% violent surge, $PIPPIN forms a bearish engulfing pattern at a high level, indicating that the main force is distributing.
🎯Direction: Short Sell
🎯Entry: 0.268 - 0.272
🛑Stop Loss: 0.285 (Rigid Stop Loss)
🚀Target 1: 0.245
🚀Target 2: 0.225
Hardcore Logic: The massive long upper shadow on the 4H chart is a clear top signal. Despite the large increase, open interest remains stable (OI Trend: Stable) rather than increasing synchronously, indicating that the rally is driven by spot trading, and the futures main force has not followed up with longs. Key data: Taker Volume shows active selling, funding rate turns negative (-0.0416%), which is a typical “bulls exhausted, bears gathering” structure. The price encounters decisive selling near 0.29, retracement has broken below the midline of the rally, and market psychology has shifted from FOMO to profit-taking. Support below is weak, and the probability of a short is higher.
Trade here 👇 $PIPPIN
---
Follow me: Get more real-time analysis and insights on the crypto market!