【$PIPPIN Signal】Long - 1H Strong Breakout, Funds Short Squeeze in Progress

$PIPPIN The 1H timeframe is currently consolidating at a high level after a strong breakout, with the price running close to and above the EMA20(1H). The 4H chart has formed three consecutive bullish candles, breaking through the previous consolidation zone with a clear upward trend. The current price is sideways around 0.722, with buy-side depth (bid_ask_ratio_depth: 1.35) significantly better than sell-side, and an order book imbalance of 14.93%, indicating strong support below. RSI on the 1H chart is as high as 82.49, overbought but in a strong short squeeze environment, where overbought conditions can be sustained and pushed higher. Open interest remains stable, with prices rising sharply while positions do not decrease. Coupled with a positive funding rate, this is a typical bullish dominance pattern, with bears facing a risk of being squeezed.

🎯Direction: Long (Long)

🎯Entry/Order: Enter directly in the 0.722 - 0.725 range (Reason: After a strong breakout, price retraced to test the 1H EMA20 support, with solid buy-side depth)

🛑Stop Loss: 0.695 (Reason: Break below the previous 1H consolidation low and EMA50 support)

🚀Target 1: 0.750 (Reason: Psychological level and 1.382 Fibonacci extension of the previous rally)

🚀Target 2: 0.780 (Reason: 1.618 Fibonacci extension, also a resistance zone on the daily chart)

🛡️Trade Management:

- Position Size: Light (Reason: 1H RSI is overbought, short-term volatility is increasing, strict risk control needed)

- Execution Strategy: After reaching 0.750, reduce position by 50%, and move the stop loss of the remaining position up to the entry price of 0.722. If the price strongly breaks above 0.750 and stabilizes, hold the remaining position towards 0.780. If the price drops back into the entry zone, exit unconditionally.

Depth Logic: Market logic indicates “price rising, consider whether main force is entering or bears are being squeezed,” based on position size. Data shows that while the price has increased by 15%, open interest remains stable, and buy-side depth far exceeds sell-side, strongly indicating that institutional funds are actively buying to push prices higher, rather than just short covering. The buy/sell ratio on the 4H chart has been above 0.5 for multiple candles, showing sustained buying strength. The EMA20 has crossed above EMA50 on the 1H chart, forming a golden cross, indicating a healthy short-term bullish setup. Despite high RSI, in a hot coin environment driven by capital, momentum often continues.

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