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$PIPPIN Signal】Hold off on opening new positions; high risk of a short squeeze
After a violent surge of 47% on the 4H chart, the RSI has become severely overbought at 81.76, but funding rates have turned positive and open interest remains stable. The deep imbalance indicates that buying pressure is still strong. This is a typical ongoing short squeeze, and chasing the high carries enormous risk.
🎯 Direction: Hold off
Market analysis: Price has moved far away from the EMA20 (0.2732), and ATR shows volatility has sharply increased to 0.0386. The 4H chart shows consecutive bullish candles with