PEPE continued to rise strongly yesterday, breaking through the previous high and then falling back quickly, returning to the support area of chips, failing to form an effective breakthrough. The trading volume shrank slightly compared with the previous day, but it was still relatively large, indicating that there were a lot of profit-taking orders at this position, which formed pressure. We will take profits first. It is expected to fluctuate at this position in the future, or adjust downward. Keep a close eye on it. If it falls to the support level, we will buy it back according to the situation at that time. Maintain the view unchanged and remain bullish!