I closed my recent PEPE trade today. I had bought 335,970 PEPE at 0.00000391 on Oct 10 and sold 416,679 PEPE at 0.00000399 on Oct 11. The sell order is fully filled.
This trade was based on the bounce I saw from 0.00000364 support. My plan was not to hold for a big pump, just to take small profit near 0.00000400 resistance. PEPE is a meme coin and very volatile, so I prefer quick scalps with small position size.
For this trade, my risk management was simple. Entry near support, exit near recent resistance, and stop loss below 0.00000360 if the support breaks. I did not use leverage and kept position small.
My learning from this trade is that chasing green candles is risky. Waiting for a retest around 0.00000385-0.00000390 gave me a better entry. I am not expecting a big rally yet, I will wait for confirmation above 0.00000429.
This is only for educational purposes and not financial advice. Always do your own research and manage your risk properly.
PEPE had a sharp fall from 0.00000429 to 0.00000364 where panic selling was seen. The low at 0.00000364 acted as strong support and buyers stepped in with two consecutive green candles.
Currently PEPE is consolidating around 0.00000403 with -0.25% change, showing indecision in the market. The immediate resistance is at 0.00000429 which was the previous high, and support remains at 0.00000364.
My view is not to chase green candles. I am waiting for a retest around 0.00000385-0.00000390 zone. I will keep position size small and use a tight stop loss below 0.00000360 to manage risk. Target zones could be 0.00000429 and 0.00000433 if recovery continues.
This is only for educational purposes and not financial advice. Meme coins are highly volatile, so always do your own research and manage risk properly.
Canary filed amended S-1 for PEPE ETF with US SEC on Oct 2 Proposed to list on Cboe BZX Exchange, pending SEC review.
Filing Details: - Amended S-1 registration filed on Oct 2 - Listing proposed on Cboe BZX Exchange - SEC review pending, approval not yet granted - If approved, would be among first memecoin ETFs
Price: PEPE trading near 0.00000364, watching SEC update.