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%
Cheers
Hexa🧘♀️
