PIPPIN's recent rebound has been really strong, doubling in value over the past two days, which has made many people envious. But a close look at the 1-hour K-line shows that the price has already reached the top and is starting to turn downward.

This is not the first time. Looking back at the movements on the 3rd and 4th of this month, there was a similar rebound—rising sharply, appearing to break new highs. But what happened? It didn't. Instead, it turned around and moved downward, eventually hitting new lows.

The current pattern is increasingly resembling those two times. From a technical perspective, the rebound has already exhausted its energy, and there isn't much room for further upward movement. This time, it may also be doomed to repeat history.