#pippin A lot of people have asked me about my take-profit and stop-loss strategy for PP, so I'll briefly explain here.

The price I mentioned for shorting in my updates and chat room was around 0.203—you can see the exact time in the previous post.

First of all, my PP short position was opened at 0.265. Even though I've added to the position, my overall position size is still very light for me, so I'm not considering short-term take-profit or stop-loss strategies.

If you just followed my message and opened a short, set your take-profit and stop-loss based on your personal situation.

If your position is heavy and the liquidation threshold is only 20%-30% away, I recommend setting a tight stop-loss around the 0.215-0.22 range, and a take-profit at 0.185-0.178.

If your position is light, you can aim for a take-profit around 0.15-0.16.

If your position is so large that a 1% or 2% move makes you nervous, my advice is to stay away from this token and this kind of trading. The risk is too high and it's not suitable for you.
$PIPPIN