$PEPE - update [3]
23% since my last update! โ ๐ฅ
Congrats if you followed ๐ฐ
Currently, I see a potential bull trap and final pump toward a double top! โ๏ธ๐
The short term price is neutral, but the hype remain strong.
๐ฏLocal key support: 0.0001400 $ - 0.0001500 $
๐ฏUpper key levels: 0.0001600 $ - 0.0001650 - 0.0001700$
โก๏ธAccording to my experience, I don't trust any pump, and I see a deeper correction toward the 0.000100 - 0.000120$ support! ๐๐จ
โก๏ธZooming on the weekly view, the RSI remain highly overbuy & the price is moving into a very unstable zone ๐๐จ
โก๏ธA final bull trap may happen๐จ I you intend to short, I recommend you to wait for higher entries!
๐To sum up:
Short term๐ --> Possible bull trap and double topโ๏ธ
Mid term ๐ --> Deeper correction toward 0.000120 - 0.00010$
This kind of hype is often misleading, and prices may not necessarily respect technical analysis. Price volatility is highly dependending on news!๐จ #DYOR
I also remind you that compared to other #same corner, #PEPE has NO USE!!!!
(Important level are mentionned in my daily chart!๐ฏ)
And you, what do you think?
