$PEPE is one of my favorite meme coins. Why do I like pepe so much? Because it has a high potential for doubling, and it could even go up tenfold.
Shouldn't we have dreams in life? Otherwise, what's the difference between us and a salted fish? 😃.
🐟
Speaking of the chart: pepe is currently oscillating in a box pattern on the 4-hour timeframe, let's see which direction it breaks out. If it doesn't break the upper or lower boundary of the box, it will continue to oscillate! There will always be a day to stand out.
Similarly, on the 4-hour timeframe, the Fibonacci 1:1 retracement level is 1900-1800. If pepe undergoes a 1:1 retracement, it will likely go to these two levels. Pepe must not fall below 2292 on the 4-hour timeframe, otherwise, the 1:1 retracement will be valid.
🐟
On the daily timeframe, if pepe can pull back to 1743 again and form a double bottom pattern, and a W bottom forms, it will challenge the previous high or a new high. If pepe forms a double bottom on the daily timeframe, it must break above 2472 on the 4-hour timeframe to look up towards 2693-2836-new high.
Those who want to buy pepe spot can refer to the three levels I provided in my chart, and lay out the positions in batches, not all at once.
Always leave 20% of your position for unexpected needs. If you have low-priced pepe spot, please hold on to it and don’t worry about what happens in between. You have to believe that the future is promising. Meeting adjourned.