Following my previous long term trading plan and after we hit all the target, I am publishing a short-term plan. It is clear that trading
PEPE
from here will not be a straight line to the moon, so let's prepare to buy and sell when necessary.
Bear in mind that:
- PEPE is a new coin, making it difficult to chart due to its limited history.
-
BTC
can significantly impact this strategy.
PEPE
, like other altcoins, is very sensitive to
BTC
's movements.
- I am overall very bullish on PEPE in the long term; it is a solid coin to hold.
Here are my concerns:
- After a huge pump, there is usually a correction.
BTC
is not going to $100k without some hesitation, so many factors could slow down
PEPE
's momentum.
- There is a solid resistance area between 1076 and 1176. We can and will likely be rejected from here.
- The Stochastic RSI on the daily chart is showing signs of a crossover, which could negatively impact PEPE for a week.
Here are the positives:
- The MACD on the weekly and daily charts is open and growing, which will push PEPE up compared to other coins for the next month or two.
- PEPE might be listed on Coinbase Spot, which would be a major catalyst for a price pump.
- PEPE is gaining widespread attention, and its fans are extremely active.
- PEPE 's trading volume is higher than Ethereum's, attracting a large number of whale traders.
I see 2 scenarios. They are labelled 1) and 2) on the chart!
This is an opinion, not a financial advice, I might be wrong, so DYOR. Do not use leverage.
Bear in mind that:
- PEPE is a new coin, making it difficult to chart due to its limited history.
-
BTC
can significantly impact this strategy.
PEPE
, like other altcoins, is very sensitive to
BTC
's movements. - I am overall very bullish on PEPE in the long term; it is a solid coin to hold.
Here are my concerns:
- After a huge pump, there is usually a correction.
BTC
is not going to $100k without some hesitation, so many factors could slow down
PEPE
's momentum. - There is a solid resistance area between 1076 and 1176. We can and will likely be rejected from here.
- The Stochastic RSI on the daily chart is showing signs of a crossover, which could negatively impact PEPE for a week.
Here are the positives:
- The MACD on the weekly and daily charts is open and growing, which will push PEPE up compared to other coins for the next month or two.
- PEPE might be listed on Coinbase Spot, which would be a major catalyst for a price pump.
- PEPE is gaining widespread attention, and its fans are extremely active.
- PEPE 's trading volume is higher than Ethereum's, attracting a large number of whale traders.
I see 2 scenarios. They are labelled 1) and 2) on the chart!
This is an opinion, not a financial advice, I might be wrong, so DYOR. Do not use leverage.
Comment:
It was fast.
PEPE
down at Fib 0.236 which is very important to hold. It is also the confluence with the support trendline. If we pass through, we are dumping to Fib 0.382. I hope that you followed my previous trading plan and sold at my TP around 1150. If so, you are like me with cash waiting to buy the dip.
Comment:
Well,
PEPE
is doing exactly what was planned. It has hit my resistance trendline multiple times with incredible precision, been rejected by the resistance area, and is now at a resistance level on the 0.236 Fibonacci retracement, which acts as support now. 1000 seems to be solid.
Now, it is a critical time where two scenarios can play out:
We get a pump above the resistance area.
In the worst case, we go down further and find new support.
But the goal stays the same. Everything is playing out according to the plan.
Now, it is a critical time where two scenarios can play out:
We get a pump above the resistance area.
In the worst case, we go down further and find new support.
But the goal stays the same. Everything is playing out according to the plan.
Comment:
PEPE
just lost -6% because
BTC
got -0.5%
This is a pretty bad sign. How a coin with no whales holder can bleed like this?
SHIB
or
BOME
did -0.5% and are progressing with $BTC.
PEPE
seems to be controlled. Who are pumping it and dumping it in such un-logical way? Like
MATIC
for instance?
PEPE is dumped by whales. Something to take in consideration. Too much leveraged short liquidated? Someone has to explain me why PEPE is acting like a manipulated coin.
If you have a logical explanation I am interested to know.
BTC
got -0.5% This is a pretty bad sign. How a coin with no whales holder can bleed like this?
SHIB
or
BOME
did -0.5% and are progressing with $BTC.
PEPE
seems to be controlled. Who are pumping it and dumping it in such un-logical way? Like
MATIC
for instance? PEPE is dumped by whales. Something to take in consideration. Too much leveraged short liquidated? Someone has to explain me why PEPE is acting like a manipulated coin.
If you have a logical explanation I am interested to know.
Comment:
So
PEPE
has dropped to the Support Trendline. We need to hold this level or will be a major bleeding. It should bounce from here. The scenario 1) is invalidated.
Hopefully the puke has ended. About 1% of the total supply of PEPE has been sold in 1h on Binance only. That is concerning. There was no major catalyst to that event. Also all day I could see big candle of 500M of PEPE sold at regular interval, like when market-makers are dumping. Something was brewing for sure.
Total for the day that is more than 2T of PEPE sold? Jezzz
We can hope that part of the millions generated by this sale will be reinjected in a (fake) pump when the whale will decide.
Hopefully the puke has ended. About 1% of the total supply of PEPE has been sold in 1h on Binance only. That is concerning. There was no major catalyst to that event. Also all day I could see big candle of 500M of PEPE sold at regular interval, like when market-makers are dumping. Something was brewing for sure.
Total for the day that is more than 2T of PEPE sold? Jezzz
We can hope that part of the millions generated by this sale will be reinjected in a (fake) pump when the whale will decide.
Comment:
As a side note
WIF
got the same treatment, same way: -11% for no reason. Exit liquidity apparently.
Comment:
After this "take profit" event,
PEPE
found a support on my support trendline at $0.00000917. This is a good sign that showing that things are going according to the plan.
However what will the fog do next? Try to catch a frog!!!
MACD 15m and 1H are showing a bottom with a crossover, which is usually an uptrend sign.
It depends on the whales bears, are they over taking their profits from the previous pump? We will see in the coming hours.
However what will the fog do next? Try to catch a frog!!!
MACD 15m and 1H are showing a bottom with a crossover, which is usually an uptrend sign.
It depends on the whales bears, are they over taking their profits from the previous pump? We will see in the coming hours.
Comment:
Alt Market crashing globally, sadly. Apparently people are flipping their altcoins to
BTC
to get the pump to 71k. Nothing can be done. Only waiting that the bleed stops.
BTC
to get the pump to 71k. Nothing can be done. Only waiting that the bleed stops.
Comment:
TP reached.
PEPE
performed amazingly. It is a solid coin with a lot of liquidity and volume. This is attracting the day traders who have big bags, and you can buy at market price without slippage.
PEPE replaced ORDI in the top best volume. It is a great coin to day trade.
Now be careful, there is an address that owns +250 Trillions of
PEPE , and this address is the ones who is dumping and wrecking the coin regularly.
I would not hold this coin, I would buy it after a pull back and ride it, then sell at the top.
Losing -30% in a retracement is not in my trade strategy.
This idea is closed, it played out perfectly and with a good precision. Follow me for more.
PEPE replaced ORDI in the top best volume. It is a great coin to day trade.
Now be careful, there is an address that owns +250 Trillions of
PEPE , and this address is the ones who is dumping and wrecking the coin regularly.
I would not hold this coin, I would buy it after a pull back and ride it, then sell at the top.
Losing -30% in a retracement is not in my trade strategy.
This idea is closed, it played out perfectly and with a good precision. Follow me for more.
Comment:
Just be careful with this coin. It is very centralized and controlled by Binance. Not what people say online. So ride the wave up, then sell at the top and move to something else. At one point it will crash and all the gains you made will be gone.
Comment:
Check this new
PEPE
idea:
Trade closed: target reached