$PEPE in the macro extreme zone and RSI breaks 89 โ a trap for bears or an inevitable correction? ๐ด
$PEPE /USDT โ short ๐ด
Trading plan:
Entry: 3.74e-06 โ 3.81e-06
Stop loss: 3.82e-06
Target 1: 3.7e-06
Target 2: 3.66e-06
Target 3: 3.59e-06
Why this setup?
RSI at 89.69 on the 4h timeframe indicates a sharp buying overextension during the Macro Extremes event
Bitcoin is healthy above the EMA200, supporting a correction scenario for altcoins
Funding rate is 0% and the long/short ratio is balanced at 1.0 โ no risk of short squeeze
Will we see a bounce from these levels, or a breakdown that retests the previous bottom?
$PEPE
This content is not investment adviceโdo your own research (DYOR)
$PEPE /USDT โ short ๐ด
Trading plan:
Entry: 3.74e-06 โ 3.81e-06
Stop loss: 3.82e-06
Target 1: 3.7e-06
Target 2: 3.66e-06
Target 3: 3.59e-06
Why this setup?
RSI at 89.69 on the 4h timeframe indicates a sharp buying overextension during the Macro Extremes event
Bitcoin is healthy above the EMA200, supporting a correction scenario for altcoins
Funding rate is 0% and the long/short ratio is balanced at 1.0 โ no risk of short squeeze
Will we see a bounce from these levels, or a breakdown that retests the previous bottom?
$PEPE
This content is not investment adviceโdo your own research (DYOR)