PIPPIN recent price movement has attracted market attention. The price has sharply pulled back from its highs to around 0.276, with bearish forces taking the upper hand. However, it's worth noting that bulls and bears are quietly accumulating energy at lower levels, and the possibility of a short-term rebound still exists.

From a technical perspective, PIPPIN's current trend is clearly downward. Although there have been more short liquidations recently, which may trigger a short-term rebound, the rebound itself could also become a new shorting opportunity.

From a trading perspective:
- If the price rebounds to the 0.288–0.295 zone, this level can serve as a reference shorting point
- Stop-loss should be set above 0.300
- Downside target is 0.252; if this level is effectively broken, consider adding to short positions with further targets pointing to 0.23

A more aggressive trading strategy would be to add to shorts once 0.252 is broken, with extreme downside targets potentially reaching 0.185.

It must be emphasized that trading is fundamentally a probability game. Any trading strategy should be built on the foundation of strict risk management, with stop-losses and position sizing being critical. PIPPIN and similar coins have high volatility, so participants should fully assess their risk tolerance before making decisions.