dumping. However, It is crucial that we watch how it performs here at previous support. ALot of players like to join in as late shorts and we may see a purge of these shorts before the real next leg down. For me PEPE is a no go right here. No edge at all to really construct some type of trade setup. Its just not interesting trying to buy here or short here on a "support". THe only way it looks interesting to me is it crashes . Or rips and holds the 15 level and sets up for new ath. Until then its dead to me
Comment:
forgot to mention the RSI is telling us alot here. THat rejection is just downright nasty and looks super bearish for continuation to the down in the coming weeks. LIke I said. We could get another bull trap , short squeeze as liquidity really dries up. be careful