【$PIPPIN Signal】Long | Short squeeze underway, deep imbalance support

$PIPPIN Breakout above previous high on the 4H timeframe with increased volume, forming a strong upward structure. Currently trading firmly above EMA20 (0.3683). RSI (89.08) is in overbought territory, but combined with other data, there’s no reason to short.

🎯 Direction: Long

🎯 Entry: 0.495 - 0.505

🛑 Stop Loss: 0.458 ( Rigid stop loss; if it falls below previous high support and EMA20, the logic invalidates )

🚀 Target 1: 0.560

🚀 Target 2: 0.600

Market analysis: Price increased over 30% within 30 minutes, but open interest (OI) remains stable. Funding rate is only 0.0145%, ruling out major players pushing the price up to dump. Key data points are the deep imbalance (-64.66%) and the buy-sell order ratio (0.21). The ask side (sell orders) far exceeds the bid side (buy orders), indicating a classic short squeeze structure—shorts place large sell orders at the top to suppress the price, but continuous buying pushes the price higher, creating a liquidity vacuum.

Hardcore logic: Price action (PA) shows each correction is quickly absorbed (buying absorption). The 4H candlestick bodies are full, with 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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