【$PIPPIN Signal】Hold off on trading — RSI is extremely overbought, 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—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 buying interest absorbs the sell-off.

Current strategy: Be patient. The best long entry is when the price pulls back to key support levels (such as previous high turnarounds 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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