【$PIPPIN Signal】Hold off on trading — RSI is in extreme overbought territory, high risk of a short squeeze

After a violent 35% surge on the 4-hour chart, RSI has entered the extreme overbought zone (81), with the price far from the EMA20 moving average, indicating short-term momentum is severely overextended.

🎯 Direction: Hold off

Market analysis: The current price is at 0.3927. Depth imbalance data shows buy orders far exceed sell orders (Bid/Ask Ratio: 1.96), but this is a typical short squeeze structure rather than a healthy bullish trend. Funding rates are only 0.0175%, not reaching the extreme greed threshold for shorting. Open interest (OI) remains stable, indicating shorts have not massively capitulated, and major longs have not significantly exited.

Logical core: Strictly avoid chasing highs or trying to top out with shorts here. RSI >80 is a dangerous signal, but funding rates haven't surged in tandem, and OI remains stable, so the conditions for a short squeeze with “high funding rate + declining OI + bearish divergence” are not met. Price needs a healthy pullback (at least testing EMA20 around 0.3026) to relieve overbought pressure and observe how buy orders absorb the sell-off.

Current strategy: Be patient. The best long entry opportunity occurs when the price pulls back to key support levels (such as the previous high flip level around 0.38 or EMA20) and RSI corrects to the 50-60 range, accompanied by declining volume and renewed buying interest. Otherwise, better to miss out.

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