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
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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%.
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The frog hit the first target.
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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.
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The smart money thanks you for providing liquidity for distribution.
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Pepe the Frog peeked over the support but was immediately hit by a hammer. Exactly according to the idea from September 1
Your charts speak volumes. Thanks for sharing your wisdom!
trader-123456
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@MyCryptoParadise_Nathan, Hi, thanks, but I don't think I showed anything extra there. Anyone can identify a distribution pattern, recognize a broken lower trend line and draw two support lines. It's not rocket science. Certainly there can be some deviation, because people are unteachable and they allow themselves to be lured into growth again. But I am convinced that for most people it will not end well in the future.
Damn. Pepe got nuked. Believe bottom is near though around 30-40 sats
Only 20-40% down to go
trader-123456
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@buyingdoge2025, Hi, I'm just watching this for fun. I'm definitely not interested in buying the bottom :)
CryptoNexium
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Going back to test base 1500 sats
chris2122
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What comes next ? Will smart money buy now or back to April lows ? Have a great weekend buddy.
trader-123456
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@chris2122, Hi, the smart money won't buy it back, they transferred the rest of the tokens to retailers in July. But it can jump up by a few tens of percent if they maintain this support, so it is possible, or they will let them buy here and it will go down. I really have no idea and as I wrote, I'm keeping my hands off it. The only certainty is that in time it will also reach the second target.