【$PIPPIN Signal】Long | Short Squeeze Initiated, Deep Imbalance Support

$PIPPIN On the 4H timeframe, volume broke through previous highs, forming a strong upward structure. The current price is strongly above the EMA20 (0.3683), and although RSI (89.08) is in overbought territory, combined data suggests no reason to short.

🎯 Direction: Long

🎯 Entry: 0.495 - 0.505

🛑 Stop Loss: 0.458 ( Rigid stop loss, invalid if it breaks below previous high support and EMA20 )

🚀 Target 1: 0.560

🚀 Target 2: 0.600

Market Analysis: Price has increased over 30% within 30 minutes, but open interest (OI) remains stable, and funding rate is only 0.0145%, ruling out major whale manipulation. Key data points are the deep imbalance (-64.66%) and the buy-sell volume ratio (0.21). The ask side (sell orders) is much thicker than the bid side (buy orders), indicating a classic short squeeze structure—shorts have placed large sell orders at the top to suppress price but are pushed higher by continuous buying, creating a liquidity vacuum.

Core Logic: Price action (PA) shows each correction is quickly absorbed (buying), with full-bodied 4H candles and no long upper shadows, indicating exhausted selling pressure. ATR (0.0414) shows increased volatility, but the price remains above the breakout level of 0.471, signaling a healthy reset. Do not short due to high RSI; this is currently a momentum-driven short squeeze—trend-following is key.

Trade here 👇 $PIPPIN

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