Urgent update: PEPE
🛑🛑 Urgent, urgent, urgent update🛑🛑
1️⃣ PEPE analysis:
Current status: PEPE is still pumping.
Challenge: The area it has reached is difficult to penetrate without strong liquidity forces.
Support zone: 0.00001420 is a strong support zone.
Potential Movement: If 0.00001420 is penetrated, PEPE could increase slightly to 0.00001450 or up to 0.00001500.
Expected correction: A correction is possible in the coming hours but is not certain.
2️⃣ Market status:
Liquidity Pump: The market is experiencing an unusual liquidity pump due to news about the ETH SPOT ETF.
Expected correction: A sharp correction is expected today or tomorrow, which could negatively impact PEPE.
Trading Tip: Avoid trading PEPE as it can fall sharply. The current market value may have peaked, suggesting the potential for a sharp decline.
Indicators: RSI and other indicators suggest a strong movement is imminent, with current negative levels suggesting a potential movement is possible.
3️⃣ Sell position:
Action: If you have any shorts, consolidate and wait.
Risk: PEPE, which is a MEME currency, could fall today or tomorrow.
Advice: Avoid trading PEPE now as a correction may occur and it may no longer be in the bullish zone.
4️⃣ Long-term goals:
Future Potential: PEPE has a long-term target up to the 0.00001700 area.
Patience is needed: We must wait for clearer signals before taking action.
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