【$PIPPIN Signal】Long - 1H Strong Breakout, Funding Short Squeeze in Progress

$PIPPIN The 1H timeframe has just experienced a volume breakout above the previous high, creating a new intraday high of 0.70665. The price is running close to the upper Bollinger Band, showing a very strong short squeeze momentum. The 4H candles have been closing bullish consecutively, breaking through recent consolidation levels with a clear upward trend. Although the 1H RSI has entered overbought territory (80.15), in a strong short squeeze environment, overbought conditions may persist, and momentum remains key.

🎯Direction: Long (Long)

🎯Entry/Order: Enter directly at the current price range of 0.6915 - 0.6930 (Reason: Confirmed breakout with a pullback, order book shows solid buy depth )

🛑Stop Loss: 0.6720 (Reason: Break below the 1H EMA20 support and the previous 1H candle low, indicating potential trend weakening )

🚀Target 1: 0.7250 (Reason: Based on the recent rally’s 1.382 Fibonacci extension level )

🚀Target 2: 0.7500 (Reason: Psychological round number and previous high area on the daily chart )

🛡Trade Management:

- Position Size: Light (Reason: 1H RSI is overbought, volatility is high, strict risk control is necessary )

- Strategy: After reaching 0.7250 (Target 1), reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price of 0.6915 (break-even). If the price strongly breaks through 0.7250, hold the remaining position towards 0.7500.

Deep Logic: Data indicates a bullish outlook overall. 1) Capital flow: Open interest (OI) has remained stable over the past 4 hours, with a significant price increase and OI not decreasing, indicating new long funds entering rather than just short covering. 2) Volume and price: The latest 1H candle shows increased volume, with a buy/sell ratio of 0.57, dominated by buyers. 3) Order book: Large buy orders (1146) are stacked above 0.69148; if penetrated, it could trigger further short squeeze. 4) Trend: Daily trend shows a reversal from the bottom, with today’s 21.29% gain confirming strong momentum. Overall, this is a typical momentum breakout driven by capital influx, with short-term upward inertia still in play.

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