2026-01-28 06:10:54

Why is it said to have support at 0.489:

• This is the EMA30 zone on the 15-minute chart $PIPPIN ~0.494( + previous bottom → short-term support
• The price drops and is immediately pulled back up to around 0.50 → indicating there are buyers
• Wicks with no strong candle closure below 0.489

But important note ⚠️:
• EMA5 & EMA10 are still above the price → the 15-minute trend has not reversed upward
• MACD remains negative and widening → selling pressure still exists
• The rebound to 0.502–0.505 is currently weak

Closest scenario:

1️⃣ Hold at 0.489
• Sideways between 0.49 – 0.505
• Potential rebound to 0.51–0.515 followed by further selling

2️⃣ Break below 0.489 ) and close the 15-minute candle below(
• Confirm support break
• Drop target: 0.47 → 0.455

Quick conclusion:
• ✅ Support at 0.489
• ❌ Not strong enough for a safe long
• 🎯 The best short is waiting for a rebound to around 0.51 and then getting rejected
• 🛑 If currently short: stop loss above 0.518

PIPPIN10,42%

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