$PIPPIN SIGNAL ALERT 🔴🟢 ✨✨✨✨
DON'T WANT TO MISS THIS ANALYSIS 😇
& A SECRET POSSIBLE ~ TRAP!! 😳
$PIPPIN is facing immediate selling pressure at the
top trendline resistance with price currently trading
at 0.38388 with over -6.97% decrease, just as we
had suspected it would. This retracement is confirmation
that price is trending within falling expanding triangle.
Traders are panic selling as price on 4 hour time
frame forms bearish Marubuzo candlestick with
another bearish follow-up candle confirming
the shift from bullish to bearish. Key support
zone still remains at 0.22-0.26, however there's
another support level which most intermediate
traders miss & get trap by it.
This support lies at 0.365 level which is at the
height of left shoulder for inverse head and shoulder
chart pattern. If support on this level pushes
the momentum up again and breaks past 0.40
then we could potentially have a reversal
with a bullish breakout. That could sweep massive
shorts liquidations. Market loves to trap & punish
traders who are gullible enough to follow the major
trend, it snaps its head & chops them up for
a mighty juicy snack. Stay cautious! 🤝😇
I have laid two scenarios where $PIPPIN can
correct towards 0.25 to 0.12 and another where
price can bounce from 0.36 to 0.50 & above!
Which bias you think is likely? Bullish or Bearish?
Please let me know in the comments!! 🙏🙏😇
DYOR
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