【$PIPPIN Signal】Long + Short Squeeze Initiation

$PIPPIN After breaking the previous high, the price consolidates strongly. RSI is overbought but funding rates remain positive, and open interest (OI) is stable. This is a typical short squeeze initiation phase, not a top.

🎯Direction: Long

🎯Entry: 0.390 - 0.395

🛑Stop Loss: 0.368 (Breaks below the 4H previous low and EMA20 support, rigid stop loss )

🚀Target 1: 0.430

🚀Target 2: 0.460

Hardcore logic: The price has broken through the key previous high resistance of 0.388 and stabilized, turning resistance into support. RSI is as high as 81.43, indicating overbought conditions, but funding rate is only 0.005%, showing no extreme greed, and open interest (OI) (remains stable, ruling out the possibility of major players pushing the price up to dump. Depth imbalance reaches 22.18%, with significant buy-side thickness, indicating strong support below. Combined with the 4H candlestick buy ratio consistently >0.5, this reflects a healthy buy absorption pattern. Currently above all EMAs, the trend is clear. Stop loss is set at the point of logical failure (below previous low and trendline), with a risk-reward ratio >2.

Trade here 👇 )
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