#数字货币市场回调 This trend looks quite torturous. The price keeps hovering around the MA60 line, and the market maker is clearly playing a psychological game—teasing the short positions while quietly harvesting the funding rate. I've seen this kind of play many times; it's all about dragging out time and wearing down patience. They will only take real action when the bears can't stand it anymore.

My view is that we are not yet in a complete downturn, but we must stay alert.

The key point is the level of 0.188. If the price really falls below that, then the structure will completely change. At that time, I will enter with a small position to test the waters and see if I can catch a short-term rebound opportunity.

In trading, the core is not to guess the ups and downs, but to follow the trend and observe how funds and chips flow.

What exactly should I do? If it breaks below 0.188, try to open a position, and after confirming the breakout, you can short with a small position; if it rebounds and stabilizes above 0.20, it indicates that the washout is over and the trend may resume.

Don't chase highs, don't fall in love with the battle, cut losses when you need to, this is the most basic principle.

To be honest, the tactics behind this coin are quite sophisticated. If the rhythm is slightly off, it's easy to get slapped in the face by a reversal. A 20-point pullback is nothing to them.

If the second wave rises but does not break the previous high, then I will consider laying low for the medium to long term—this indicates that the market has been sufficiently cleaned up, and the market maker may truly exert effort to push the price up.

Now is not the time to dream of skyrocketing, but a phase to focus on the structure and maintain the rhythm.

I will continue to observe the structural changes of $PIPPIN, and I will share specific operation points when definitive signals appear.