Let me talk about pepe.
The last time it was bearish was around July 28, half a month ago.
At that time, it was still very expensive, fluctuating around 120.
The reason for the bearishness at that time is as shown in the figure below.
After pepe completed the breakthrough on July 15, it fluctuated around 120 for half a month.
In this consolidation zone, the supply pressure gradually exceeded the demand over time.
So the initial judgment is that it is a distribution range, and it will break down later.
At the same time, during this period, the weekly MACD of pepe failed to have a golden cross.
It is also a dangerous signal.
If you are interested, you can check it yourself.
Now pepe is not expensive. It was cut in half to 58, and then rebounded to the current 82.
The situation is not clear for the time being.
Before seeing clear accumulation and breakthrough signals, I choose not to operate.
