THIS SERVERS MORE AS AN EDUCATIONAL STORY BEHIND MY THOUGHT PROCESS AS I'VE been watching this coin for the last week.
This journal entry provides a comprehensive technical analysis of the meme coin PEPEUSDT on the OKX platform. Over the course of a remarkably volatile trading day, several important market movements were observed and are detailed in my review of the day. An overall 137% profit was attained over six hours, thanks to a combination of Fibonacci sequences, Robo advisors, and well-timed technical analysis.
As you probably all know PEPEUSDT is an emblematic meme coin whose trading patterns reflect an ongoing tug-of-war between institutions and retail traders. My review aims to examine a recent turbulent trading day, which began with a price of $0.0000012880.
My Trading Day Review:
It was a day of extremes for PEPEUSDT, starting with a 2.82% drop within the first two hours, the majority of which occurred in a single minute. This was followed by a bullish divergence spotted between 10:46 and 11:09, confirmed by Robo advisors. This bullish sentiment resulted in a 3.69% price increase in just 27 minutes.
However, the foreshadowing of the first two hours soon made itself known as both SPY and BTC experienced setbacks, indicating a broader market downturn. The support on the 3-hour timeframe was convincingly broken at 2:52, corroborated by Robo signals.
This tipping point was marked by the appearance of a shooting star on the 1-minute timeframe at 2:59, which would typically signal trader exhaustion and a potential market trap. As anticipated, a 2% dump occurred within five minutes, and the previously identified support level turned into a resistance zone. In the subsequent three minutes following PEPE's slight breach of this newly formed resistance area, the coin witnessed a further 2.85% loss.
Using a combination of Fibonacci analysis, Robo advisors, and personal technical assessment, a highly profitable trading day was achieved with an overall 137% profit made over the course of six hours. Despite the drastic fluctuations, the trading day served as an example of effective market timing and tool utilization.
The current sentiment, as indicated by ROBO, leans bearish on the 3-hour timeframe as of the 21st. If a market squeeze were to occur, the most intriguing target would be $0.0000011229, where a potential bounce could be staged.
Disclaimer
This analysis is based on historical market data and does not serve as a guarantee for future performance. Trading cryptocurrencies involves substantial risk, and each investor should consider their risk tolerance before making any trading decisions.
This journal entry provides a comprehensive technical analysis of the meme coin PEPEUSDT on the OKX platform. Over the course of a remarkably volatile trading day, several important market movements were observed and are detailed in my review of the day. An overall 137% profit was attained over six hours, thanks to a combination of Fibonacci sequences, Robo advisors, and well-timed technical analysis.
As you probably all know PEPEUSDT is an emblematic meme coin whose trading patterns reflect an ongoing tug-of-war between institutions and retail traders. My review aims to examine a recent turbulent trading day, which began with a price of $0.0000012880.
My Trading Day Review:
It was a day of extremes for PEPEUSDT, starting with a 2.82% drop within the first two hours, the majority of which occurred in a single minute. This was followed by a bullish divergence spotted between 10:46 and 11:09, confirmed by Robo advisors. This bullish sentiment resulted in a 3.69% price increase in just 27 minutes.
However, the foreshadowing of the first two hours soon made itself known as both SPY and BTC experienced setbacks, indicating a broader market downturn. The support on the 3-hour timeframe was convincingly broken at 2:52, corroborated by Robo signals.
This tipping point was marked by the appearance of a shooting star on the 1-minute timeframe at 2:59, which would typically signal trader exhaustion and a potential market trap. As anticipated, a 2% dump occurred within five minutes, and the previously identified support level turned into a resistance zone. In the subsequent three minutes following PEPE's slight breach of this newly formed resistance area, the coin witnessed a further 2.85% loss.
Using a combination of Fibonacci analysis, Robo advisors, and personal technical assessment, a highly profitable trading day was achieved with an overall 137% profit made over the course of six hours. Despite the drastic fluctuations, the trading day served as an example of effective market timing and tool utilization.
The current sentiment, as indicated by ROBO, leans bearish on the 3-hour timeframe as of the 21st. If a market squeeze were to occur, the most intriguing target would be $0.0000011229, where a potential bounce could be staged.
Disclaimer
This analysis is based on historical market data and does not serve as a guarantee for future performance. Trading cryptocurrencies involves substantial risk, and each investor should consider their risk tolerance before making any trading decisions.
