$PEPE Daily chart death cross. Let’s look at it from a position-holder’s perspective:
The bullish momentum bars lasted for 22 daily candles, indicating that buyers were firmly in control during this period. Now, buying pressure is clearly failing to keep up. After a sustained rise, there are plenty of holders sitting on profits, so watch to see whether big players use the rebound to cash out.
What do you think? Join the discussion in the comments.
The bullish momentum bars lasted for 22 daily candles, indicating that buyers were firmly in control during this period. Now, buying pressure is clearly failing to keep up. After a sustained rise, there are plenty of holders sitting on profits, so watch to see whether big players use the rebound to cash out.
What do you think? Join the discussion in the comments.