🐸 Bitcoin fell 5% on $430M of ETF outflows, and $PEPE rose 7% anyway. Relative strength or a trap? 🐸
$PEPE bounced from a low near $0.00000479 to about $0.0000051 on November 6, and it's up roughly 20% over the past month while Bitcoin sits near $75K to $76K. The 4-hour RSI is around 57, strong but not overbought. 👀
Levels I'm watching:
🟣 $0.0000054: the broader resistance band
🔴 $0.0000052: resistance, needs a close above it to reach $0.0000053
🟢 $0.0000050: the round number, now support, must hold
⚠️ Lose $0.0000046 and the rally fails
No single project update stands behind the move, so sentiment is doing the work. That works until Bitcoin finds its footing, or doesn't.
My plan: no chasing. I want a daily close above $0.0000052, or a pullback that holds $0.0000050, before I add. I'm out if $0.0000046 breaks.
Real strength or a divergence that snaps back? 👇
#pepe #pepe #memecoin #crypto #cryptotrading
@Ismeidy @BitEagle News @Wise Analyze
$PEPE bounced from a low near $0.00000479 to about $0.0000051 on November 6, and it's up roughly 20% over the past month while Bitcoin sits near $75K to $76K. The 4-hour RSI is around 57, strong but not overbought. 👀
Levels I'm watching:
🟣 $0.0000054: the broader resistance band
🔴 $0.0000052: resistance, needs a close above it to reach $0.0000053
🟢 $0.0000050: the round number, now support, must hold
⚠️ Lose $0.0000046 and the rally fails
No single project update stands behind the move, so sentiment is doing the work. That works until Bitcoin finds its footing, or doesn't.
My plan: no chasing. I want a daily close above $0.0000052, or a pullback that holds $0.0000050, before I add. I'm out if $0.0000046 breaks.
Real strength or a divergence that snaps back? 👇
#pepe #pepe #memecoin #crypto #cryptotrading
@Ismeidy @BitEagle News @Wise Analyze
