Has PIPPIN hit the bottom?
PIPPIN has recently continued to decline, hitting the weekly support level. There has been a significant increase in volume on the 4-hour chart, and contract positions have doubled, with funds gradually entering the market. The increase in contract positions during the decline is definitely a result of continuous short positions, and after the stop, there is a possibility of a short squeeze.
Operation suggestion: PIPPIN is currently around 0.0575, and you can take a small leveraged position with caution. The volatility is high, so set a stop loss at 0.05; if it breaches the stop loss, you can look for a rebound to the previous low support around 0.04 before trying a small position again;
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