$1000PEPE is up 13% and showing rejection at the highs. Here's why 👇
A 25% surge in 3 days put it up 13% on the day, so I took a closer look at the structure.
The break above 0.0050556 was tiny (3.7%) and 1000PEPE got rejected from 0.0052434 straight away. That's not strength, that's buyers running out of steam.
My eyes are on 0.0047958, the low of the earlier pullback. A lot of stops $1000PEPE are sitting there and price hasn't tested it yet. Above 0.0052434 I'm out of this idea.
📌 My 1000PEPE trade: short from 0.005105, stop at 0.0052596, target 0.0047958 (+6.1%, 1:2)
📊 24h Vol: $666M | 24h Chg: +12.9% | Funding: +0.0100%
Agree or disagree? Let me know 👇
Follow for daily chart breakdowns 🔔
My opinion only. Not financial advice, do your own research.
#1000PEPE #Crypto #Trade
A 25% surge in 3 days put it up 13% on the day, so I took a closer look at the structure.
The break above 0.0050556 was tiny (3.7%) and 1000PEPE got rejected from 0.0052434 straight away. That's not strength, that's buyers running out of steam.
My eyes are on 0.0047958, the low of the earlier pullback. A lot of stops $1000PEPE are sitting there and price hasn't tested it yet. Above 0.0052434 I'm out of this idea.
📌 My 1000PEPE trade: short from 0.005105, stop at 0.0052596, target 0.0047958 (+6.1%, 1:2)
📊 24h Vol: $666M | 24h Chg: +12.9% | Funding: +0.0100%
Agree or disagree? Let me know 👇
Follow for daily chart breakdowns 🔔
My opinion only. Not financial advice, do your own research.
#1000PEPE #Crypto #Trade
