Here’s an observation: this coin has been oscillating in a downward channel lately, but every time there’s a deep pullback, it miraculously bounces back quickly. This “can’t be killed” characteristic likely means there’s sustained capital absorbing the tokens.
The question is—are these funds bottom-fishing or just taking over unloaded positions?
Looking at the candlestick patterns, trading volume has clearly increased in the high price range, and combined with the rapid recovery after price wicks, I personally tend to think there may be signs of large holders rotating positions. After all, the volatility patterns of such “monster coins” often don’t follow conventional logic.
So should you chase long here? I don’t think the risk-reward ratio is favorable.
Of course, it’s also possible that the main players will make a fake-out move to lure in longs, but under the current trend, a more prudent strategy might be to wait for a rebound to a previous resistance level before considering short positions.
Ultimately, trading is about probability and discipline. Blindly following the crowd will only make you pay more tuition to the market. Instead of chasing pumps and dumps, it’s better to review your trades, think more deeply, and gradually build your own trading system.
The market is always there, but opportunities are only for those who are prepared.
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fomo_fighter
· 20h ago
Yeah, this coin is definitely weird. Every time it manages to bounce back from the edge of the cliff, but I feel like this time is different.
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NFTArchaeologist
· 12-05 09:59
Hey, this coin is really kind of weird. The way it just won't crash is honestly scary.
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LightningLady
· 12-05 09:58
This zombie coin just won't die. Looking at this trading volume gives me the chills... What kind of tricks is the market maker playing?
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RugResistant
· 12-05 09:55
nah that volume spike at resistance is screaming red flags to me too... classic pump setup before the exit. DYOR but this pattern's been exploited to death
Reply0
HalfIsEmpty
· 12-05 09:54
Oh wow, PIPPIN this meme coin is really something else, its undying nature is truly impressive.
But I still think chasing longs right now is a bit impulsive, let's see what happens around the resistance level.
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RooftopReserver
· 12-05 09:39
Weird is indeed weird, but I think this is just a trap for retail investors—it's too easy to get rekt.
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ContractTester
· 12-05 09:38
Hey, this coin really is a bit weird. Its inability to crash is too obvious; feels like there's a whale manipulating it behind the scenes.
#美联储重启降息步伐 $PIPPIN The recent price action has indeed been quite strange.
Here’s an observation: this coin has been oscillating in a downward channel lately, but every time there’s a deep pullback, it miraculously bounces back quickly. This “can’t be killed” characteristic likely means there’s sustained capital absorbing the tokens.
The question is—are these funds bottom-fishing or just taking over unloaded positions?
Looking at the candlestick patterns, trading volume has clearly increased in the high price range, and combined with the rapid recovery after price wicks, I personally tend to think there may be signs of large holders rotating positions. After all, the volatility patterns of such “monster coins” often don’t follow conventional logic.
So should you chase long here? I don’t think the risk-reward ratio is favorable.
Of course, it’s also possible that the main players will make a fake-out move to lure in longs, but under the current trend, a more prudent strategy might be to wait for a rebound to a previous resistance level before considering short positions.
Ultimately, trading is about probability and discipline. Blindly following the crowd will only make you pay more tuition to the market. Instead of chasing pumps and dumps, it’s better to review your trades, think more deeply, and gradually build your own trading system.
The market is always there, but opportunities are only for those who are prepared.