【$PIPPIN Signal】Long - 1H strong breakout followed by pullback confirmation, main force clearly defending the market

$PIPPIN The 1H timeframe has experienced a volume-driven surge and is currently consolidating strongly at high levels. The 4H timeframe has formed a three consecutive bullish candles breakout pattern, indicating a strong trend. Although the 1H RSI(79.61) shows overbought conditions, the price refuses to undergo a deep correction, and open interest(OI) remains stable, implying that the main capital has not exited but is instead rotating and accumulating at high levels. Market depth shows sell orders stacking above 0.7266, while buy orders are also dense below 0.7264, indicating fierce battle between bulls and bears. Once the selling pressure above is absorbed, a secondary rally is possible.

🎯Direction: Long (Long)

🎯Entry/Order: 0.7230 - 0.7260 (Reason: Rebound from the 1H EMA20(0.6839) strong zone, also a recent minor platform support )

🛑Stop Loss: 0.7150 (Reason: Break below the 1H previous low of 0.7165 and the lower boundary of the dense trading zone )

🚀Target 1: 0.7495 (Reason: Test the previous high resistance level )

🚀Target 2: 0.7800 (Reason: Based on the recent upward move’s 1.382 Fibonacci extension level )

🛡️Trade Management:

- Position suggestion: Light position (Reason: RSI overbought, volatility extremely high, strict risk control needed )

- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price. If the price strongly breaks above 0.7495 and stabilizes, consider targeting 0.7800 for the remaining position.

Depth logic: The buy/sell ratio on the 4H level remains around 0.52, indicating sustained bullish dominance. Volume on the 1H after the surge has contracted, which is a healthy correction. The key is market imbalance(-60.56), which shows slightly more selling pressure, but the price remains firm, a typical “not falling when it should” scenario, with clear signs of main force defending the market or passive short covering. Coupled with a funding rate of only 0.005%, there is no overheating risk, providing a safe margin for bulls.

Check real-time market 👇 $PIPPIN

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