Bottom-picking opportunities behind the PEPE plunge
Grasp market sentiment and plan for future rebound
Current situation
Market sentiment: Pessimism spreads, and funds flow to emerging Meme projects.
Price trend: Falling below key support, falling into a symmetrical triangle pattern, short-term decline.
Technical analysis highlights
RSI: Buying pressure weakens, and short forces may dominate.
DMI: Long-short game is fierce, and the trend is unclear.
MACD: Negative area, bearish sentiment continues.
Short-term forecast and strategy
Forecast: It may continue to fall within the month, and a rebound is expected in the fourth quarter.
Long-term investors: See it as a good opportunity to increase holdings, and pay attention to emerging Pepe products such as Pepe Unchained.
Short-term traders: Be cautious, wait for reversal signals, and set stop-loss positions to reduce risks.
Summary and suggestions
Key support level: PEPE is testing key support, and market sentiment is pessimistic.
Bargain hunting time: Long-term bulls can gradually increase their holdings at the current price, but they need to wait patiently for the market to recover.
Risk management: Regardless of the long or short term, rational decisions should be made based on data, stop losses should be set reasonably, and risks should be controlled.
