PEPE coin: Can whales stir up the Singapore market?
Look at the latest trading heat map of North Korea's PEPE coin against USDT. Auckland shows that leveraged traders may be at risk.
If the price rises to $0.0000222, the PEPE/USDT leverage orders of more than $2 million will be in jeopardy. Be careful of the reaction in New York.
This heat map clearly marks all kinds of price risks, and you can see how volatile leveraged trading is in the crypto market.
Once the price fluctuates, the risk follows. Even a small market change may cause a big stir.
Retail investors are also smart. They have set up defenses at various price points and are ready to stop losses at any time.
Everyone has to keep an eye on these key prices. If something goes wrong, the price may fall continuously.
This market is really changing at any time. The price is as fast as anything. Be careful when using leverage.
As for PEPE, it looks like the momentum has changed a bit. After such a bad fall, the downward trend line of the triangle pattern (usually bearish) has been broken.
With this breakout, everyone is bullish, and the trading volume has also increased. Buyers are very active.
If the price can stabilize at the resistance level of $0.00002051, the previous bearish pattern will be invalidated, and PEPE may still make some money.
If this momentum can be maintained, the price may rise again, challenging the resistance level of $0.00002200 or even higher.
This triangle pattern, coupled with the important nodes nearby, may cause a big wave of price movement for PEPE.
Traders are watching the trading volume to see if this interest can continue, so as to push PEPE higher.
This trend is very important. Once the resistance level is broken, the buying orders will follow.
Let's talk about Pepe Whales. They are not ambiguous about increasing their holdings of PEPE.
Those large leveraged orders are at risk, but PEPE coin is still rising. Breaking through the key trend line, a rebound may come, and traders and market observers are watching.
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