Looking at the PIPPIN chart, the two red lines are the 144-period and 169-period moving averages, which have been serving as key support levels. During this period, whenever the price approaches these moving averages, it quickly pulls back. But today, the situation has changed — the price not only broke through the red moving average but also immediately retested and broke above it again, this time challenging a higher-level blue moving average.

There's an interesting phenomenon with the MACD indicator. The price continues to make new lows, but the DIF line does not move lower in sync — this is a classic bullish divergence signal, usually indicating that the downward momentum is weakening and may even reverse soon.

Currently, the price is stuck at the support level of the red short-term moving average, which is a good entry point. If your risk tolerance is moderate, consider small positions to go long, set a stop-loss, and wait for the price to challenge the blue long-term moving average. In the short term, this red line should provide enough support, giving you room to operate.