PIPE caught some serious momentum lately. Currently sitting at a 2M market cap with an impressive 82% bullish sentiment across 928 votes—that's pretty solid conviction from the community.

Looking at the short setup on the H1 timeframe, there's a pending order positioned right at the level of value nodes, which is a good sign it's not sitting in any weak zone. Risk management here looks tight, with the stop-loss estimated around 11.42%, keeping downside exposure controlled.

The downtrend cycle we're tracking has hit its 228th iteration now, showing an amplitude swing of -68.48%. That kind of depth in the move suggests some real selling pressure got absorbed. Worth keeping an eye on how price behaves at this technical confluence—could be an interesting entry opportunity if the setup holds.