Recently, PIPPIN has been crashing hard, dropping 31% in one day. But have you noticed a strange phenomenon—trading volume has actually shrunk by 62%?

Many people in the market are calling for a bottom. But looking at this trend, I feel a bit uneasy. Usually, after panic selling, a bottom is indeed formed, but this time is different.

From a technical perspective, the RSI has already entered the oversold zone, and according to conventional theory, a rebound should have occurred by now. The problem is that the 1-hour and 4-hour MACD are still below the zero line, with the histogram shrinking significantly. This signal looks more like the downtrend isn’t over yet rather than a reversal. There’s a risk many people overlook—**shrinking volume on a decline is often more dangerous than high-volume dumping**, because it indicates no one wants to buy the dip.

I'm not saying it definitely won’t rebound, but before multi-timeframe indicators truly form a bullish divergence resonance, this "cheap" price might be a beautiful trap.

If I were to trade, I would currently choose to observe.

If I really wanted to go long, my plan would be:
- Wait for the price to break above 0.38 USDT with increased volume before entering, as this is a clear right-side signal
- Set a stop-loss at 0.325; if it breaks below, exit
- Target 0.42 and 0.45

Without a volume breakout, I’d rather miss the opportunity than chase.

(Disclaimer: Personal analysis, not investment advice)