#数字资产市场动态 PIPPIN Market Launch, Key Signals Worth Paying Attention To

Recently, traders watching PIPPIN have been discussing a phenomenon — there is a short position in the market with a scale reaching tens of millions of dollars. Such large short positions play a significant role in the market. Whether through active stop-loss or forced liquidation, the massive closing buy orders released can often quickly push up the price of the coin. According to conventional logic, the upward movement in such cases usually starts at around 50%, and breaking 100% is not uncommon.

From a technical perspective, PIPPIN's recent performance has broken previous patterns. Looking back at historical K-line charts, this coin typically consolidates near the 25-day moving average with a spike before rising, following a well-known routine. But this round is different — it has been a purely bearish decline without obvious spike-and-washout actions. The market maker has changed their approach, which likely means they are preparing for a violent rally, no longer spending time on the usual consolidation tricks.

Trading requires rationality: PIPPIN is known for its spike-and-washout techniques, which are hard to defend against. To participate safely, avoid using too high leverage; 1x leverage is similar to spot trading and can effectively mitigate the risk of sudden retracements. Hold onto your chips, don’t be scared out by false drops, patience is needed to reap the rewards of this wave of market movement.

$PIPPIN $ETH