Fam, PEPE is perking up again this morning šø
I just saw it gain a little over 5% in $PEPE 24 hours, peaking at 0.00000533 before settling back around 0.00000504. Binance spot volume topped $70 million in a day, and people are clearly getting excited about memes again.
My first reaction was to get a little carried away.
But with my finger hovering over the buy button, I stopped and did a few things first:
1. Checked whether it was just following the broader market. $BTC is also up around 5% today, so PEPE is following the trend, not moving on its own news. That means I shouldnāt chase it as an independent rally.
2. Noted the high at 0.00000533. If it canāt break through and starts falling back, Iāll treat it as an upper wick and wonāt chase.
3. The next level Iām watching below is 0.00000472, todayās low. If it breaks, this wave of hype was for nothing.
4. Iām only taking half my usual position. Memes rise fast and fall even fasterāIāve learned that lesson more than once.
5. Anything in my DMs about a āPEPE Phase 2 airdropā or a āmeme coin presaleā gets ignored. I wonāt click.
My take right now: sentiment is warming up, but Iām still not ready to go all in.
Did you get in on this meme rebound, or are you watching from the sidelines?
Just my personal opinionāmanage your own positions.
I just saw it gain a little over 5% in $PEPE 24 hours, peaking at 0.00000533 before settling back around 0.00000504. Binance spot volume topped $70 million in a day, and people are clearly getting excited about memes again.
My first reaction was to get a little carried away.
But with my finger hovering over the buy button, I stopped and did a few things first:
1. Checked whether it was just following the broader market. $BTC is also up around 5% today, so PEPE is following the trend, not moving on its own news. That means I shouldnāt chase it as an independent rally.
2. Noted the high at 0.00000533. If it canāt break through and starts falling back, Iāll treat it as an upper wick and wonāt chase.
3. The next level Iām watching below is 0.00000472, todayās low. If it breaks, this wave of hype was for nothing.
4. Iām only taking half my usual position. Memes rise fast and fall even fasterāIāve learned that lesson more than once.
5. Anything in my DMs about a āPEPE Phase 2 airdropā or a āmeme coin presaleā gets ignored. I wonāt click.
My take right now: sentiment is warming up, but Iām still not ready to go all in.
Did you get in on this meme rebound, or are you watching from the sidelines?
Just my personal opinionāmanage your own positions.