PEPE just dumped 8.5% in a single session. Is the meme coin party over, or is this a shakeout before the next leg? đž
Technical snapshot:
đ Price: $0.00000385 | Change: -8.55%
đ 4H RSI: 48.7 â below 50, bears in control short-term
đ Daily RSI: 69.8 â still bullish in the bigger picture
đ Price is below 4H SMA7 and SMA25 â short-term weakness
đ° Volume: $50.9M â normal, no panic selling yet
Here's the key: PEPE is up 31% from its 99-day SMA ($0.00000293). The daily trend is still intact. But the 4H structure just turned bearish.
**Why This Trade?**
Meme coins move in violent swings. If PEPE holds the daily uptrend and reclaims the 4H SMA25 ($0.00000403), it could bounce hard. But don't catch a falling knife.
đŻ Trade Plan (Wait for Reclaim):
Entry: $0.00000377 - $0.00000393 (if holding support)
Stop Loss: $0.00000365
TP1: $0.00000400 | TP2: $0.00000416 | TP3: $0.00000431
PEPE degens â buying this dip or waiting for more pain? đ
#PEPE #MemeCoins #DYOR
â ïž Disclaimer: This is personal analysis, not financial advice. Always DYOR and manage your own risk.
Technical snapshot:
đ Price: $0.00000385 | Change: -8.55%
đ 4H RSI: 48.7 â below 50, bears in control short-term
đ Daily RSI: 69.8 â still bullish in the bigger picture
đ Price is below 4H SMA7 and SMA25 â short-term weakness
đ° Volume: $50.9M â normal, no panic selling yet
Here's the key: PEPE is up 31% from its 99-day SMA ($0.00000293). The daily trend is still intact. But the 4H structure just turned bearish.
**Why This Trade?**
Meme coins move in violent swings. If PEPE holds the daily uptrend and reclaims the 4H SMA25 ($0.00000403), it could bounce hard. But don't catch a falling knife.
đŻ Trade Plan (Wait for Reclaim):
Entry: $0.00000377 - $0.00000393 (if holding support)
Stop Loss: $0.00000365
TP1: $0.00000400 | TP2: $0.00000416 | TP3: $0.00000431
PEPE degens â buying this dip or waiting for more pain? đ
#PEPE #MemeCoins #DYOR
â ïž Disclaimer: This is personal analysis, not financial advice. Always DYOR and manage your own risk.