Let's try making some money with PEPE going down, That way we can load up more for the actual bullrun!
I'm not a financial advisor!
But if you follow my charts I suggest you put a tight SL on everything
I'll make it simple White line is resistance, you can take profit here and I normally do because it just bounces down and I add more on the way down
All green lines are closing targets, the closer they are the higher chance they have of hitting, do this at your discretion, but I'd advise 50% first target and split the rest with the other two line, however there is a risk that it won't go any higher
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Slight change in targets but not too much, I'll post it when it's confirmed.
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Okay, this might be the end of W1 targets updated
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RSI seems exhausted, this seems like the start of W1 finally. I usually try not to trade the first wave since it's very dangerous. If this low hold then these are the targets
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Still looking bearish, wave 1 is still looking for a bottom
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RSI has a divergence, which means this is likely the bottom now, we should be moving to W2 now
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PEPE made a new low in the last few hours, but now the RSI clearly shows a wave change there is an updated target now
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To be a little clearer, We should finally be starting W1, we are on our way to W2 just a reminder for those who traded with me in the past.
the targets in this strategy are to be thought of like this
0.5 - not a target but it is normal to face resistance here. 0.618 - is the golden target, we should to offload most if not all of our position here 0.786- If you held on to some of your position and are willing to risk this move you can off load here
There are higher targets but they have very low chances to hit reminder that my targets can sometimes be off a few % or so. for example it target is 0.00000842 my sell would be 0.00000838 or something like that
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Excuse the delay, I had a medical emergency in my family took afifll my focus these last 24hrs anyways
W2 has ended could not break .5 and like I always say, take profits early! .5 used to not be considered a fib where positions would be closed but here we are
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We're on W 3 now and if you did not open a short at the end of W2 I strongly recommend you wait till this wave is done and comes back up since getting in now is just losing money, Make up for it on the way up! if you must just put a little position in like 2% or something.
I've also made a discord so if anyone wants to build a community with me! discord.gg/Jm6kmyNv
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Seems like we're getting stuck on the 1 which, okay fine, but this is not a target like the .5 normally can act like one
The RSI is looking very bearish! so i'm waiting here on the 1.618!
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if W3 doesn't make a new low
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Sorry y'all this being a memecoin the math won't always math correctly, but in any case we're finished W4 and going to W5 Some things i've learned trading this coin. 1) it treats the .5 with respect, sometimes that is a target, traditionally it's not 2) Entries don't add up to the correct fib usually +- 3% use this information as you will 3) SL are essential
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Oh and for wave 5, traditionally it wants to hit the 1 and the 1.618
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This trade is becoming too muddled by the larger market. I'm leaving it
Thank you for your immense work and best wishes for your family 🤲🤲
Artaxxxxxx
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So you’re saying 860 is your current target
SpaceMecha
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@Artaxxxxxx, If there is no new low then we're looking at the 840 area, RSI as of now seems to tell me that it shouldn't go any lower. remember to have a tight SL
simpsonepic1a
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Your chart has been invaldated.First support 00000600 and now higher than your resistance at .00000800 looks like 00000130 from here.
SpaceMecha
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@simpsonepic1a interesting, my new chart definitely has a lower target now, but it's a W2 in a larger wave that should hit about 0.00001
MYTRADERSAF
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please any update about WIF Coin
Mike_toTheMoon
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How to understand "if W3 doesn't make a new low"? To have a opportunity for a long position until the resistance on 0.5 fib (would that be W4)? Sorry for my greenhorn questions, i try lo learn. Thank you for your contribution!
Edit: i guess W3 made a new low on 583 and now we are on W4. Correct?
SpaceMecha
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@Don100Prozento, we're going from W3 to W4 now, but basically what that means. if my target for w3 doesn't go lower than the previous one, then we can assume w4 will hit my target. If w3 pulled back halfway and went lower, then we had to change the target to w4