🛑🛑 Urgent Cryptocurrency Update: PEPE, BTC, ETH 🛑🛑
1️⃣ PEPE Analysis:
- **Current Status:** PEPE continues to pump.
- **Challenges:** The current level is challenging to sustain without a significant liquidity injection.
- **Support Area:** 0.00001420 is a robust support level.
- **Potential Movement:** If 0.00001420 is breached, PEPE may rise to 0.00001450 or even 0.00001500.
- **Correction Expected:** A correction might occur in the coming hours, though it is not guaranteed.
2️⃣ Market Condition:
- **Liquidity Pumping:** The market is experiencing abnormal liquidity inflows due to news of the ETH SPOT ETF.
- **Expected Correction:** A significant correction is anticipated today or tomorrow, potentially impacting PEPE negatively.
- **Trading Advice:** Avoid trading PEPE as it may experience a sharp decline. The current market value may have peaked, signaling potential strong downturns.
- **Indicators:** RSI and other indicators suggest imminent strong movement, with current negative signals indicating a possible hidden move.
3️⃣ Short Positions:
- **Action:** If you have short positions, consolidate and wait.
- **Risk:** As a meme coin, PEPE may decline today or tomorrow.
- **Advice:** Refrain from trading PEPE for now as a correction is likely, and it may not sustain its bullish trend.
4️⃣ Long Targets:
- **Future Potential:** PEPE has potential long targets up to the 0.00001700 area.
- **Patience Needed:** Wait for clearer signals before making any moves.
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