#PIPPIN Currently, no one is shorting this coin. Yesterday, it was pushed up to around 3.6, and basically no one got liquidated. Those still holding are all long positions; either they are dumping the price, the big players have stopped playing, or they are pushing it above 4.5 to wait for the short sellers to enter. Once it drops sharply, it will basically be dead. No one is trading spot; everyone is selling collectively. Another scenario is that many people buy at lower prices, forcing the big players to continue pushing the price down.
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#PIPPIN Currently, no one is shorting this coin. Yesterday, it was pushed up to around 3.6, and basically no one got liquidated. Those still holding are all long positions; either they are dumping the price, the big players have stopped playing, or they are pushing it above 4.5 to wait for the short sellers to enter. Once it drops sharply, it will basically be dead. No one is trading spot; everyone is selling collectively. Another scenario is that many people buy at lower prices, forcing the big players to continue pushing the price down.