$PEPE couldn't hold $0.000005, and now it's sliding back toward the $0.0000046 floor. Retest or the start of a fade? 🐸
Price is around $0.0000047 to $0.0000048, down about 3% on November 2 and drifting lower since the October 30 spike to $0.0000053. It's still about 83% below its all-time high, and volume is fading. 👀
Levels I'm watching:
🟣 $0.0000052: October 28 high, the breakout target
🔴 $0.0000050: round number, needs a clean daily close above it
🟢 $0.0000046: October 27 close, must hold
⚠️ Lose $0.0000043 and the October pop is erased, with $0.0000040 next
It's a meme coin, so liquidity and sentiment drive everything, and it tends to follow Bitcoin's tone.
My plan: no catching the knife. I want a daily close above $0.0000050 before I get bullish, and I'm out if $0.0000043 breaks.
Floor or trapdoor? 👇
#pepe #Pepe #memecoin #crypto #cryptotrading
@Wise Analyze @BitEagle News @Zetoshi X
Price is around $0.0000047 to $0.0000048, down about 3% on November 2 and drifting lower since the October 30 spike to $0.0000053. It's still about 83% below its all-time high, and volume is fading. 👀
Levels I'm watching:
🟣 $0.0000052: October 28 high, the breakout target
🔴 $0.0000050: round number, needs a clean daily close above it
🟢 $0.0000046: October 27 close, must hold
⚠️ Lose $0.0000043 and the October pop is erased, with $0.0000040 next
It's a meme coin, so liquidity and sentiment drive everything, and it tends to follow Bitcoin's tone.
My plan: no catching the knife. I want a daily close above $0.0000050 before I get bullish, and I'm out if $0.0000043 breaks.
Floor or trapdoor? 👇
#pepe #Pepe #memecoin #crypto #cryptotrading
@Wise Analyze @BitEagle News @Zetoshi X
