【$PIPPIN Signal】Long - 1H strong consolidation, preparing for a push to the previous high

$PIPPIN The 1H timeframe experienced a massive surge yesterday and is now consolidating strongly in the 0.62-0.64 range, refusing to undergo a deep correction. The 4H candlestick formed a large bullish candle, establishing an upward trend. Currently, it is a healthy technical pause, and after accumulating strength, a further rally is expected. Open interest remains stable, funds have not exited, and the bullish pattern remains intact.

🎯Direction: Long (Long)

🎯Entry/Order: 0.6290 - 0.6310 (Reason: 1H EMA20 dynamic support zone, lower boundary of the consolidation range )

🛑Stop loss: 0.6020 (Reason: Break below the 1H consolidation platform and the previous candle's low )

🚀Target 1: 0.6518 (Reason: Previous high resistance level, initial target on the 4H timeframe )

🚀Target 2: 0.6900 (Reason: 1.618 Fibonacci extension based on recent gains )

🛡️Trade Management:

- Position size suggestion: Light position (Reason: Price has already increased over 30% intraday, volatility is extremely high, and profit-taking pressure is present )

- Execution strategy: When the price reaches 0.6518, reduce position by 50% to lock in profits, and move the stop loss of the remaining position up to the entry price of 0.6290. If the price cannot hold above 0.6290 and weakens, exit all positions.

Deep logic: The 4H buy volume is massive, indicating strong participation by major funds. The 1H RSI(76.56) is high but not exhausted, which is normal for strong coins. Market depth shows sell orders accumulating above 0.6291, while buy orders below 0.6290 are also dense, forming a short-term battle zone. Once volume breaks through 0.643 (today's high), the upward space will open. Open interest remains above 100 million, funding rate is only 0.0082%, with no overheating or short squeeze risk, indicating a relatively healthy rally.

View real-time market 👇 $PIPPIN

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