After a massive surge, PIPPIN has entered a strong consolidation phase on the 1-hour chart, with the price firmly above the EMA20 (1H), refusing a deep pullback. On the 4-hour chart, it has broken out of the previous trading range, forming an upward trend. The negative expense ratio (-0.0153%) and the firm price action constitute a typical short squeeze pattern, indicating a clear intention by major players to support the price. 🎯Direction: Long 🎯Entry/Pending Order: 0.663 - 0.666 (Reason: 1H level EMA20 dynamic support zone, also the lower edge of the current consolidation range) 🛑Stop Loss: 0.645 (Reason: Breaking below the previous low on the 1H level and the lower ATR (0.0625) line, trend broken) 🚀Target 1: 0.689 (Reason: Breaking through today's high, testing the previous high resistance) 🚀Target 2: 0.725 (Reason: Based on the 1.618 Fibonacci extension level of the recent gains) 🛡️Trading Management: - Position Sizing Recommendation: Light Position (Reason: Intraday gain of over 30%, extremely high volatility, strict risk control required) - Execution Strategy: After the price reaches 0.689, reduce the position by 50% to lock in profits, and move the stop loss of the remaining position up to the entry price of 0.666. If the price fails to hold above 0.666 and weakens, exit immediately. Deep Logic: The order book depth shows a significant accumulation of bids, with a depth imbalance of 16.83%, indicating strong support below. Open Interest (OI) remains stable and has not decreased significantly despite the price increase, suggesting it's not simply short covering but potentially new long positions entering the market. The 1-hour RSI (67.15) has healthily retreated from the overbought zone, building momentum for another upward move. The key is whether the price can find support in the 0.663-0.666 area and see renewed volume. Trade here 👇$pippin {future}(PIPPINUSDT) --- Follow me for more real-time crypto market analysis and insights! #meme #BTC #ETH @BinanceSquareCN $ETH {future}(ETHUSDT) {future}(BTCUSDT)