PIPPIN has rebounded from the low of 0.2220 and the rally has far exceeded expectations. Looking at the 4-hour chart, continuous bullish candles pushed the price above the 0.40 level. Although there was a pullback around 0.44650 on the 1-hour chart, this is just normal consolidation. The key point is that trading volume has not shrunk, the MACD golden cross remains solid, and the bullish momentum is still there.

From a capital perspective, the situation is even clearer. Contract holdings are steadily increasing during the upward move, indicating that large investors are continuously building positions. At the 0.40 support level, active buying quickly absorbs sell orders, and the degree of chip locking is much higher than in previous phases. This shallow pullback combined with vigorous capital relay is essentially a typical feature of the main upward wave.

From a trading standpoint, continuing to go long at the current price is a reasonable choice. Placing a stop loss below 0.38 is relatively safe. The first target is to see if the previous resistance at 0.45 can be broken. If successful, the next goal is directly at the 0.50 integer level. Based on the current technical pattern and capital situation, there are no signs of a trend reversal for the bulls, so just follow the main force’s rhythm and operate accordingly.