PIPPINUSDT Coiling for a Massive MovePIPPIN has been consolidating inside a symmetrical triangle pattern for the past 150 days, with price tightening between lower highs and higher lows. This long consolidation phase is creating strong pressure, and a breakout is likely to decide the next major move.
At present, the price is trading close to the upper trendline resistance of the triangle. A successful breakout and close above this level could trigger a strong bullish rally. On the other hand, rejection at resistance may push price back toward the lower boundary of the formation.
Key Points
- 150-day triangle formation indicates a major move ahead
- Price trading above 50,100,200 EMA in day chart
- Price consolidating near upper resistance trendline
-Volume profile shows heavy activity around current zone, a potential launchpad
- Upside potential remains strong if resistance is cleared
Trade Setup
✏️Entry: Wait for breakout confirmation above resistance trendline (~$0.0235)
✏️Stop-loss: $0.016)
✏️Targets: 150%-500%
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Hexa🧘♀️
PIPPINUSD
PIPPIN New Update (12H)It seems that a flip zone | or a key area | has been reclaimed here.
Previously, every time price touched this zone, it was rejected. But this time, the price has reclaimed it sharply and is now retesting the area.
Pay attention to the yellow arrows and circles.
Opening a sell/short position at this level might not be a good idea.
As long as the green zone is held, the price can move toward the marked supply levels.
If it drops below the green zone and a daily candle closes below the invalidation level, the bullish outlook on Pippin would still not be invalidated.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
PIPPIN Looks Bullish (12H)It appears to be forming a triangle and is currently in the middle of wave D of that triangle.
If it returns to the green zone, we can look for buy/long positions within that area.
The targets are the red boxes. It may get rejected from the lower red box, so consider taking partial profits there.
A daily candle closing below the invalidation level would invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You