$PIPPIN has been facing too much market noise recently, and many people are starting to waver. How should we operate in the short term? My thought process is as follows.

First of all, we have to admit that the current situation is still a bullish pattern, there's no doubt about it. The funding rate has just been settled and is positive, although the change isn't drastic. The upper chips have been cleared to a large extent—however, there is a key level: 0.168. If we can't break through this price point, it is highly likely that we will reach the peak today.

Looking at the technical aspect again. The MA60 of the 15-minute K-line is currently at 0.15041. If the candlestick falls below this level, a short position can be held; the hourly moving average is at 0.116. If it continues to break this level? Then the downtrend will basically be established.

In simple terms, this is the crucial point of the long-short game right now. If it holds the support, it will continue to rise; if it breaks, one must consider reversing.