#PIPPIN Ready to Explode or Final Bull Trap Before Another Drop?

Yello Paradisers ! Are we looking at the calm before a massive breakout on #PIPPIN, or is this compression just setting up a painful fakeout in a weak market?

💎#PIPPIN has been forming a clean Cup and Handle pattern for nearly three months, despite the broader market still leaning bearish. The duration of this structure is important. The longer the accumulation phase, the stronger the potential expansion phase that can follow. In uncertain market conditions, relative strength like this deserves attention.

💎The cup shows a rounded bottom rather than a sharp V-reversal, which suggests gradual accumulation instead of emotional buying. This type of structure reflects a shift in supply and demand, where selling pressure is slowly absorbed by stronger participants.

💎Inside the handle phase, the pullback is controlled and relatively shallow compared to the depth of the cup, which is a healthy characteristic. More importantly, volatility is compressing. When price starts moving in a tighter range, it often signals that a larger expansion move is approaching.

💎Minor support is positioned around $0.4300, marking the bottom of the handle. As long as the price holds above this level, the bullish setup remains intact. Major structural support sits near $0.1500, which is the bottom of the cup and the macro invalidation level for the entire pattern.

💎The key level to watch is the neckline resistance. This is the confirmation point. A strong breakout and close above it would activate the pattern and open the path toward the next resistance around $1.40, based on the measured move projection of the cup depth.

💎Momentum supports the bullish bias for now, with RSI holding above 60, indicating strength. However, in a broader downtrending environment, fake breakouts are common. Confirmation and follow-through are essential before any aggressive positioning. Patience is the edge here. We do not predict — we react to confirmed structure.

Strive for consistency Paradisers, not quick profits. Treat the market as a businessman, not as a gambler. It is the only way you can get inside the winner circle.

MyCryptoParadise
iFeel the success🌴

Заявка отменена

MyCryptoParadise

Want to trade like a PRO without the 15+ year learning curve?

🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)

🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot

Мои профили:

Отказ от ответственности

Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.

MyCryptoParadise

Мои профили: