⚠️ $PIPPIN Just Flashed a Warning Signal… The Bounce Might Be a Trap

The $PIPPIN chart is telling a dangerous story right now.

After a brutal drop, buyers tried to step in and push the price back up. For a moment it looked like a recovery was starting… but the market quickly rejected the move.

Sellers showed up again.

What we’re seeing now is a classic bearish structure: lower highs forming while downside pressure keeps building. Every small bounce is getting sold into, which usually signals that the bears are still firmly in control.

This kind of price action often creates what traders call a dead-cat bounce — a temporary lift that attracts hopeful buyers before the trend continues downward.

Right now the critical zone sits around 0.35 – 0.37. If price moves into this area, it could act as a strong resistance zone where sellers may step back in.

📊 Trade Setup

🎯 Entry: 0.35 – 0.37

🛑 Stop Loss: 0.41

Targets if the downtrend continues:

TP1 → 0.31

TP2 → 0.27

TP3 → 0.22

The real danger level is 0.34.

If that support cracks, the market could quickly shift into panic mode, triggering faster selling as traders rush to exit their positions.

In volatile markets like this, emotions move faster than logic.

The question now is simple:

Will $PIPPIN stabilize here… or is this just the calm before another sharp drop? 📉🔥