Regarding PIPPIN's recent trend, there is a phenomenon worth noting. From a technical perspective, this round of sharp rise from 0.7 followed by a pullback shows quite obvious signs of a shakeout.

Looking back at the trading records, you'll notice a pattern: the previous repeated attempts to trap and smash the market have now been reversed to trap and lure in longs. That needle-like move at 0.7 was essentially aimed at clearing short positions, with no other purpose. This operational logic has been repeated several times on PIPPIN.

From the current position management perspective, shorting on rallies is a relatively safer choice. The key support level is at 0.55. As long as this level is not effectively broken, the previous short positions can still be held. This is not about stubbornly holding on, but a judgment based on the current trend structure.

To be honest, the traps and opportunities in the crypto space are right there. Distinguishing which coins to focus on, which to avoid, and where the traps are easiest to fall into—these all require repeated observation and review of the market. Traders who have gone through several complete cycles can better identify these signals; whether it's trend or trap lines, the套路 (套路) are actually just a few types.