【$PIPPIN Signal】Empty Position Waiting - Healthy Pullback Needed After Overbought

$PIPPIN Is currently consolidating at high levels after a volume breakout above 0.414 on the 4-hour chart.

Market Analysis: RSI(14) reaches as high as 86.59, indicating extreme overbought conditions. But key data reveals the truth: funding rate is only 0.0218% (not at dangerous levels), open interest(OI) remains stable, and buy order depth(Bids) is significantly thicker than sell orders(Asks), with an imbalance of 10.84%. This is not pure FOMO chasing, but a strong buying absorption.

Logical Analysis: Price has moved far away from EMA20(0.3305), with a large short-term divergence. Chasing higher directly is extremely risky. However, deep buy orders are stacked in the 0.463-0.464 range, forming immediate support. Market logic suggests “price will rise,” combined with stable OI, indicating bullish main force driving rather than bearish pressure.

Core Strategy: Avoid chasing highs, wait for a healthy pullback. The best long entry is around the key support zone that exchanges with EMA20, near the previous breakout level 0.414. This is the resonance point of main force cost zone and market psychological support.

🎯Direction: Empty Position (Waiting for Pullback)

Current price around 0.465 is a high sentiment point, with poor risk-reward ratio. Be patient and wait for the price to retest the key support zone. When volume diminishes and RSI corrects to 50-60, that will be a high-probability entry point. Risk control first—better to miss out than to make mistakes.

Trade here 👇 $PIPPIN

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