I looked at PIPPIN's 15-minute chart, and there are quite a few bearish signals from a technical perspective.

From the current situation, around $0.3730 is a relatively good entry point for shorting. It is recommended to set the stop loss at $0.3850 to give the trade a reasonable risk margin.

Regarding take-profit arrangements, I prefer to handle it in two stages. The first target is $0.3500, which is a short-term support level. When the price first touches this level, a rebound often occurs, so you can consider reducing some positions here. If the market continues to weaken, the second target is set at $0.3200. Below this level, the 99-day moving average forms obvious resistance, and the rebound momentum is insufficient. Once this support is broken, there may be further downside space.

Overall, the downtrend is quite clear in the short term, and the short-selling approach is relatively straightforward.