【$PIPPIN Signal】1H strong breakout followed by high-level consolidation, retracement for secondary rally

$PIPPIN The 1H timeframe has experienced a massive surge and is currently in a high-level flag consolidation phase. The 4H timeframe saw a large bullish candle that directly broke through the previous consolidation range's upper boundary, indicating a trend reversal to bullish. Currently, the 1H RSI(77) remains high but not overbought, with prices consolidating strongly above the EMA20(0.5059). This is a typical strong correction, waiting for a secondary upward signal. The funding rate is 0.0998%, relatively high, but open interest remains stable, indicating intense bullish and bearish battles without large-scale profit-taking. The order book shows buy orders far exceeding sell orders (imbalance of 60.65%), with strong support below.

🎯Direction: Long (Long)

🎯Entry/Order: 0.5530 - 0.5580 (Reason: Dynamic support from 1H EMA20 and previous hour's low)

🛑Stop Loss: 0.5450 (Reason: Break below the 1H consolidation platform and ATR(0.026), using a 1x stop-loss distance)

🚀Target 1: 0.5800 (Reason: Previous high resistance and psychological whole number level)

🚀Target 2: 0.6000 (Reason: 4H wave extension at 1.618 Fibonacci level)

🛡️Trading Management:

- Position size suggestion: Light (Reason: Funding rate is high, short-term retracement pressure exists, 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 through 0.5800, consider retaining some position for Target 2.

Depth logic: After accumulation near 0.49 on the 4H timeframe, a massive bullish candle (volume 2.5 times the previous candle) confirmed the breakout, a clear signal of main capital entering. Although the 1H RSI is high, the price refuses deep retracement and consolidates strongly above EMA20, characteristic of bullish control. Open interest(OI) remains stable and does not decline with consolidation, indicating stable bullish positions rather than short-term speculation. Combined with buy-side depth advantage, retracement is a good opportunity for low buy-in.

View real-time market 👇 $PIPPIN

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