【$PIPPIN Signal】Hold Cash and Watch Out for Short Squeeze Risk

After a violent surge of 48% on the 4H timeframe, the RSI has entered the severely overbought zone (82.4), but currently shorting is a suicide move.

🎯 Direction: Hold Cash

The market shows typical short squeeze characteristics: price skyrocketing while open interest (OI) remains stable, funding rate as high as 0.0784% (positive), and buy order depth significantly thicker than sell orders (imbalance of 25.95%). This indicates the rally is driven by bullish forces, and bears are under continuous squeeze pressure.

The 4H candlestick shows persistent absorption of buy orders, with very shallow pullbacks and no significant selling pressure. ATR (0.0397) indicates extremely high volatility. The current price (0.396) is far from the EMA20 (0.2845) support, making chasing higher very risky.

Hardcore logic: none of the three shorting factors (high funding rate + decreasing OI + bearish divergence) are satisfied. Any attempt to top out on the left side at this moment could be instantly swallowed by a short squeeze. Risk management first—wait for the price to retest key support levels (such as the previous high around 0.38) and show signs of volume-price divergence or OI decline before evaluating bullish opportunities.

Trade 👇 $PIPPIN

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