$PEPE just screened long minutes ago, trading at $0.00000365 with the 24h low at $0.00000359 still holding after a full day of sellers leaning on it.
what's keeping $PEPE up: price is up 32.61% over 30 days and down 9.85% on the week, so this dip is sitting inside a bigger leg up, not replacing one. daily RSI is 61, the MACD histogram is positive, and the last 5 days of volume run 1.22x the 20 before them. the buyers didn't leave, they're resting.
the case against it is that it lost 11.3 points to BTC this week. i think that's the entry, not the exit. stretch it to 30 days and it's still 11.9 points ahead of BTC. a setup score of 7 out of 14 is a lean, and i'm taking the lean.
it trades at $0.00000365 as i write this. if $PEPE holds $0.00000359, i think it grinds back toward the 24h high at $0.00000371 with room running past it. if it loses $0.00000359, i'm wrong here and there's nothing to defend. with daily ATR near 7.9%, anyone long through that break eats the drop fast, not slow.
holding $0.00000359 or losing it?
what's keeping $PEPE up: price is up 32.61% over 30 days and down 9.85% on the week, so this dip is sitting inside a bigger leg up, not replacing one. daily RSI is 61, the MACD histogram is positive, and the last 5 days of volume run 1.22x the 20 before them. the buyers didn't leave, they're resting.
the case against it is that it lost 11.3 points to BTC this week. i think that's the entry, not the exit. stretch it to 30 days and it's still 11.9 points ahead of BTC. a setup score of 7 out of 14 is a lean, and i'm taking the lean.
it trades at $0.00000365 as i write this. if $PEPE holds $0.00000359, i think it grinds back toward the 24h high at $0.00000371 with room running past it. if it loses $0.00000359, i'm wrong here and there's nothing to defend. with daily ATR near 7.9%, anyone long through that break eats the drop fast, not slow.
holding $0.00000359 or losing it?
