【$PIPPIN Signal】1H strong breakout, chasing longs and short squeeze行情

$PIPPIN The 1H timeframe just completed a volume breakout above the previous high of 0.658, and created a new intraday high of 0.678, with strong momentum. The 4H timeframe has closed positive for several consecutive periods, staying above all moving averages, forming a multi-cycle resonance upward pattern. Currently, the price is consolidating at a high level after the breakout, open interest remains stable, buying depth is dominant, and signs of main force support are evident, indicating potential for a short squeeze.

🎯Direction: Long (Long)

🎯Entry/Order: 0.670 - 0.675 (Reason: Pullback after breakout confirms support area, 1H EMA20 dynamic support )

🛑Stop Loss: 0.655 (Reason: Falling below the previous breakout high of 0.658 and the 1H candlestick body support )

🚀Target 1: 0.695 (Reason: Fibonacci extension level 1.272 from previous wave )

🚀Target 2: 0.720 (Reason: Fibonacci extension level 1.618 and psychological round number )

🛡️Trade Management:

- Position suggestion: Light position (Reason: Intraday gain has exceeded 34%, volatility is extremely high, risk and opportunity coexist )

- Execution strategy: After reaching 0.695, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.675. If the price strongly breaks through 0.695 and stabilizes, consider targeting the remaining position towards 0.720.

Depth logic: After a 34% increase, open interest remains stable rather than decreasing, indicating that the new funds are not solely profit-taking positions, possibly new longs entering. The 1H RSI is as high as 78.75, in overbought territory but not exhausted, leaving room for further upward movement in a strong trend. Market depth shows buy orders stacking (around 0.6719 with 862 buy orders), while sell orders are relatively sparse, creating liquidity conditions for upward sweeping. Combined with positive funding rates, there is a risk of short squeeze.

View real-time market 👇 $PIPPIN

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