$PEPE A few thoughts on PEPE: its current market price is close to 5. I've noticed a clear influx of major investors recently, and price action has been quite strong. News reports show recent progress on the ETF, and Sun has continued to increase his holdings to around 3%. Taking the market action into account, the outlook looks promising, so I entered in time and am currently up around 10%.
Looking at the chart structure: price is moving within an ascending channel and is currently in the short-term fifth wave. There is some resistance around the 5 level, though. If it can hold above 5, we can watch how price behaves around the 6.2–6.3 resistance; above that, the next resistance is 7.2–7.3. So I took profit on half of my futures position around 5 and kept the other half. I still expect it to reach 6.2–6.3 first, then push toward 7 and test 7.2–7.3. If it pulls back to 4.5–4.6 in the short term, I may re-enter or add to my position. Those holding spot for the medium to long term should hold for now.
$BTC #PEPE
Looking at the chart structure: price is moving within an ascending channel and is currently in the short-term fifth wave. There is some resistance around the 5 level, though. If it can hold above 5, we can watch how price behaves around the 6.2–6.3 resistance; above that, the next resistance is 7.2–7.3. So I took profit on half of my futures position around 5 and kept the other half. I still expect it to reach 6.2–6.3 first, then push toward 7 and test 7.2–7.3. If it pulls back to 4.5–4.6 in the short term, I may re-enter or add to my position. Those holding spot for the medium to long term should hold for now.
$BTC #PEPE
