trader-123456 Updated   
If I had to choose between two schemes that I think PEPE has been doing in the blue area for a month now, it would definitely be the distribution scheme.
Even the currently broken lower main trend line does not look very optimistic.
The biggest movement of tokens from the big players into the hands of crazy buyers happened logically during the mania phase, and I think the rest happened during this month's distribution.
I don't know how many times I've seen this scheme repeated and it always ended up leaving people with worthless tokens.

No trading advice, the price may increase from a purpose released news, but it is very likely that it will end up where it started later.

Another from the shitcoin collection.
Current value 0.00008221

Pepe the frog tried to jump back over the support but failed.
It's a frog, so it's going to bounce and probably won't drop like a stone.
LUNC also declined for 340 days from the point I identified as the final rejection, then dropped by a nice -87%.

The frog hit the first target.
PEPE the frog breaks through under the support.
It can test the previous support and confirm it as resistance, then it will probably bounce to the next target.
The smart money thanks you for providing liquidity for distribution.

Pepe the Frog peeked over the support but was immediately hit by a hammer.
Exactly according to the idea from September 1

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