In the last post about #PEPE, it was mentioned that breaking through 1510 would push the price into the green zone (as shown in the chart). From there, it was expected to drop towards the 1300 area, which indeed happened (check the previous post about PEPE).
Now, the green area has acted as both support and resistance over the past few days. Currently, PEPE coin is in this green zone, so you should wait for a breakout before taking your position.
If it breaks upward, you can take a LONG POSITION, but be mindful of the 1510 and 1565-1575 areas (as explained in the previous post).
Alternatively, if it fails to break through and falls back (since it is a resistance area now), you can take a SHORT POSITION. Pay attention to the 1360-1380 area. If it breaks down again, it could head towards 1300.
Take your position now, either long or short (preferably early), and wait for the retest.
Remember:
- Set your Stop Loss (SL) according to the information given.
- Always do your own research.
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