【$PIPPIN Signal】Follow the trend long + 1H momentum continuation, strong breakout on 4H

$PIPPIN The 1H timeframe is consolidating strongly above EMA20, with the price rejecting deep retracement. The 4H timeframe has consecutively closed bullish, breaking through the previous consolidation range, with increasing volume and price, indicating strong bullish momentum. Open interest remains stable, price is firm, and the main force's intention to defend the market is clear. This is a typical momentum continuation pattern after a short squeeze.

🎯Direction: Long (Long)

🎯Entry/Order: Enter directly within the current price range of 0.7248 - 0.7280 (Reason: 1H EMA20 dynamic support, price rejects retracement, strong consolidation)

🛑Stop Loss: 0.6980 (Reason: Break below the previous 4H candle low and key support at 1H EMA50)

🚀Target 1: 0.7600 (Reason: Previous high resistance and psychological round number)

🚀Target 2: 0.8000 (Reason: Based on the recent rally's 1.618 Fibonacci extension level)

🛡Trade Management:

- Position size suggestion: Standard lot (Reason: Clear 4H trend, 1H momentum resonance, risk-reward ratio >1.5)

- Execution strategy: After reaching 0.7600, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.7248. If the price strongly breaks through 0.7600, move the remaining stop loss to break even and hold for the second target.

Deep logic: The buy volume on the 4H timeframe continues to expand, indicating influx of additional funds. Although the 1H RSI is high (77), it can be tolerated in a strong trend. The order book shows dense sell orders at 0.7247-0.7248, which are gradually absorbed by buying. After breaking through, resistance above is sparse. Open interest (OI) remains stable, combined with rising prices, indicating not a short squeeze but active bullish pushing. Funding rate at 0.005% is healthy, with no signs of overheating.

Check real-time market 👇 $PIPPIN

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