PIPPIN: Summary of Discussions in Orange's Mute Group (Daily Market Analysis) (10:00:06 ~ 11:00:06)

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1. Current Recommended Direction PIPPIN has surged nearly 100 times recently, reaching a high of $0.53 yesterday, before falling back to around $0.30. Insiders reportedly control up to 80% of the supply. There are clear signs of overvaluation, and the price may face downward pressure in the short term. It is recommended to remain cautious and observe PIPPIN, avoiding chasing the long, and waiting for a pullback to confirm support before considering any tentative positions. 2. Position and Risk Management Recommendations: It is recommended to enter with a small initial position, strictly controlling the position size to avoid the risk of being liquidated due to excessive leverage. The stop-loss order can be set below $0.25. Take profits in batches depending on market sentiment, being wary of rapid pullbacks. Avoid blindly adding to positions in the short term; adopt a gradual position-adding strategy, strictly adhering to risk management discipline to prevent being trapped at high prices due to manipulation by large insiders. 3. Adapt to trading styles PIPPIN is currently more suitable for aggressive short-term traders, allowing them to seize opportunities to exit during rebounds, entering and exiting quickly, and avoiding prolonged positions. Conservative medium-term or trend investors should remain on the sidelines, waiting for clearer trend and bottom confirmation. Given the potential for significant internal control by large investors, traders must be highly vigilant regarding selling pressure from major players and fluctuations in market sentiment.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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