PIPPIN Multi-Period Candlestick Analysis: Short-term pressure has been reached, it is recommended to reduce position to lock in profits, and not to increase the position for now.

1. Determination of Resistance Level Reached

1. 15-minute line: Current price 0.469214, touching the upper Bollinger band 0.460260, and reaching a short-term high of 0.471480, which constitutes effective resistance. The price is currently in the pressure range of the 15-minute level;
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2. 1-hour chart: The price of 0.469436 is approaching the upper Bollinger band of 0.456039, while also touching the previous small high of 0.471480, indicating a clear pressure level;
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3. 4-hour chart: The price 0.468700 is close to the upper Bollinger band 0.469919, just a step away from the resistance level, with limited short-term upward potential.
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4. Daily: Although it has not reached the upper Bollinger Band at 0.494719, the current price has deviated from the short-term moving average support and is in a relatively high range at the daily level.

In summary, PIPPIN has reached key short-term resistance levels on the 15-minute and 1-hour charts, and the 4-hour line is also approaching resistance, with upward momentum likely to significantly diminish.

2. Operational Suggestions: Focus on reducing position.

1. reduce position execution (lock in profits)

- Position reduction ratio: Reduce 30%-50% of the position, prioritizing the realization of existing profits (current 24h increase exceeds 18%, with sufficient profit space);
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- Reduce position logic: The RSI indicator is fully overbought (15-minute RSI reaches 95.37, 1-hour RSI reaches 89.46), the probability of a short-term pullback is extremely high, reducing the position can avoid the profit withdrawal risk from a surge followed by a decline.

2. Do not increase the position$

- Increasing the position taboo: Currently at a resistance level + overbought zone, increasing the position will magnify the risk of a pullback loss, and the trading volume is in a shrinking state (15-minute trading volume 2.4936 million, although higher than the average volume, it has not continued to expand), lacking upward momentum;
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- Timing for increasing the position: If the price retraces to the 15-minute Bollinger middle band 0.443372 (or the 1-hour MA20 moving average 0.430953) and stabilizes, and the volume increases again, a small position can be added (the addition ratio should not exceed 20% of the original position).

3. Stop Loss

- Remaining position stop loss: move up to 0.440 (15-minute MA60 moving average), if it falls below, liquidate the position;
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- Take profit reference: If it breaks 0.471480, it can be seen up to the upper Bollinger Band of 0.494719 on the daily line, and then reduce the remaining position after reaching.
$PIPPIN ‌