Looking at this wave of PIPPIN's market, the short-term surge was indeed fierce—rising 12.85% intraday. But here comes the problem.

After the price hit 0.44650, it immediately started to plunge. On the technical side, the MACD has already turned from red to green, with the green bars just beginning to appear. The RSI has surged to 59.38657, approaching overbought levels. More importantly, there are no effective moving averages providing support above, and instead, selling pressure has suddenly increased. The signs of the main force distributing chips at high levels are particularly obvious.

This move is a typical short-term rapid rise followed by a trap to shake out traders—an old trick. Currently, the price is at 0.41900, and the opportunity to open a short position is right in front of you. Set the stop-loss below the previous high at 0.44650, no hesitation.

For target levels, the first target is 0.40000, and the second target is 0.38000. Both levels likely have a chance for a pullback. Stick to the trend position and don’t think about chasing the rise. Wait until the main force finishes distributing chips; there will be opportunities to follow the trend and go short for a larger correction later. Short-term traders should stay calm and observe at this point—don’t get caught in a trap by the trap of false signals.