【$PIPPIN Signal】Long! Strong breakout on the 1H chart followed by high-level consolidation, with strong expectations of a short squeeze due to negative funding rates

$PIPPIN The 1H timeframe has experienced a massive rally and is now consolidating strongly at a high level (around 0.71), refusing to undergo a deep correction. The 4H chart has formed three consecutive bullish candles, indicating a strong trend. Key data: negative funding rate (-0.0116%) + open interest stable at a high level (113 million), which is a typical short squeeze setup, with shorts paying continuously and longs holding firm. The 1H RSI (69.59) is high but not overbought, leaving room for further upward movement.

🎯Direction: Long (Long)

🎯Entry/Order: 0.710 - 0.715 (Reason: Currently at the lower end of the strong consolidation zone, with the 1H EMA20 dynamic support moving up to this level )

🛑Stop Loss: 0.690 (Reason: Break below the 1H strong consolidation low and the bottom of the previous 4H candle body )

🚀Target 1: 0.745 (Reason: Previous high resistance and 1.272 Fibonacci extension level )

🚀Target 2: 0.780 (Reason: 1.618 Fibonacci extension level, also a psychological round number )

🛡️Trade Management:

- Position size suggestion: Light position (Reason: Daily gains have exceeded 25%, volatility is extremely high, strict risk control is necessary )

- Execution strategy: After the price reaches 0.745, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.715 (break-even). If the price strongly breaks through 0.745 and stabilizes, target the remaining position towards 0.780.

Depth analysis: The order book shows a significant accumulation of sell orders (Asks) above 0.7127, but buy orders (Bids) in the 0.7124-0.7126 range are also substantial, creating a brief standoff. The depth imbalance is -25.91%, indicating slightly more selling pressure, but the price remains firm, suggesting that major funds are absorbing orders below. Open interest remains stable while the price surges, combined with negative funding rates, forming the classic short squeeze structure. Shorts will either close positions to push the price higher or continue bleeding. We are targeting this potential acceleration of the short squeeze. The risk is a market weakening or profit-taking pressure closing positions, so stop-loss must be firm.

Trade here 👇 $PIPPIN

---

Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
‍#我在Gate广场过新年 #Gate广场发帖领五万美金红包