$PIPPIN is pulling back after a sharp impulse, and this drop looks corrective, not a trend break. I’m focused here because the sell off came after liquidity was taken near the top, and price is now reacting at a key intraday zone. This kind of move usually resets momentum before the next decision.

Market read

On the 15 minute chart, $PIPPIN pushed up to the $0.36 area, grabbed liquidity, and then rolled over. The drop toward $0.33 came fast, which tells me weak longs got flushed. Now price is slowing down, wicks are showing up, and selling pressure is losing strength. I’m reading this as a pullback into demand, not a full reversal.

Entry point

I’m not chasing weakness. I’m looking for controlled entries near support.

Entry zone

$0.328 to $0.334

This zone lines up with the recent base, prior reaction area, and demand formed before the impulse move.

Target point

TP1 $0.350

TP2 $0.368

TP3 $0.395

These targets align with the mid range, previous high, and expansion above the liquidity zone.

Stop loss

Below $0.320

A clean break below this level invalidates the setup and tells me buyers failed.

How it’s possible

Liquidity was already taken above $0.36, sellers pushed price down into demand, and momentum is now cooling. If buyers defend this zone and reclaim $0.34, continuation toward the upper range becomes very realistic.

I’m watching closely, I’m patient, and I’m ready for the reaction.

Let’s go and Trade now $PIPPIN