$PIPPIN PIPPIN Stabilizes at a low level, and the rebound window may have already approached
After experiencing a deep correction earlier, Meme coin PIPPIN has recently shown signs of stabilization at a low level, attracting the attention of many traders.
From the multi-timeframe K-line perspective, PIPPIN's price has completed a short-term bottoming process within the $0.23-$0.27 range. The 15-minute chart has already shown a MACD golden cross, and trading volume has gradually increased, indicating that bullish momentum is quietly accumulating. Although the daily chart remains in a correction phase of the downtrend, a preliminary upward trendline has formed on the 4-hour chart. If the price can effectively break through the key resistance level of $0.2865, a rebound wave may be triggered.
For traders with moderate risk appetite, it is advisable to consider a light position of 1/3 to go long, with a stop-loss set below the support level of $0.27. If the price breaks through the resistance and confirms a pullback, further positions can be added; if it falls below the support, a decisive exit is necessary to control risk.
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 PIPPIN Stabilizes at a low level, and the rebound window may have already approached
After experiencing a deep correction earlier, Meme coin PIPPIN has recently shown signs of stabilization at a low level, attracting the attention of many traders.
From the multi-timeframe K-line perspective, PIPPIN's price has completed a short-term bottoming process within the $0.23-$0.27 range. The 15-minute chart has already shown a MACD golden cross, and trading volume has gradually increased, indicating that bullish momentum is quietly accumulating. Although the daily chart remains in a correction phase of the downtrend, a preliminary upward trendline has formed on the 4-hour chart. If the price can effectively break through the key resistance level of $0.2865, a rebound wave may be triggered.
For traders with moderate risk appetite, it is advisable to consider a light position of 1/3 to go long, with a stop-loss set below the support level of $0.27. If the price breaks through the resistance and confirms a pullback, further positions can be added; if it falls below the support, a decisive exit is necessary to control risk.