Dear Family: $PEPE in Short
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1. PEPE's price is dropping since March 14th.
2. A big bearish breakout below 6,000-6,500 support.
3. Current support is around 5,000, technically 4,500-5,000.
4. PEPE's technically bearish.
5. Highly correlated with Bitcoin (96%).
6. PEPE's rally depends on Bitcoin breaking 65,000.
7. More likely to drop below 5,000 towards 3,500-3,000.
8. Bullish PEPE unlikely without a bullish market.
9. Keep an eye on Bitcoin for PEPE's movement.
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