PEPE latest news! ! ! !
PEPE latest news! ! ! !
PEPE latest news! ! ! !
PEPE latest news! ! ! !
Looking back at our previous discussion on #PEPE, we predicted that a breakout of 1510 would lead the price into the green zone (see attached picture). The subsequent market trend was as we expected, and the price did pull back to around 1300 (it is recommended to refer to our previous detailed analysis article on PEPE).
Currently, the green zone is at a critical position, which is both a support level and a resistance level for the price. Given that PEPE is currently in this critical area, we recommend that you remain patient and wait for the market to give a clear breakout signal before considering opening a position.
Once you observe signs of an upward breakout, going long will be an option worth considering. But please pay attention to the two key points of 1510 and 1565-1575, which may become new resistance levels.
On the contrary, if the market fails to break through effectively and falls back (because the green area is now also a resistance area), then shorting may be a better choice. Pay special attention to the area of 1360-1380. If the price falls below this range again, it may fall further to 1300 points.
Whether you choose to go long or short, now is a good time to open a position (it is recommended to act as soon as possible), and then wait patiently for the market to retest.
Finally, please remember:
According to the information we provide and your risk tolerance, set your stop loss point (SL) reasonably to ensure the safety of your investment.
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