Emergency update for April 24th regarding $PEPE:
Bitcoin's recent decline has dragged $PEPE down as well. If BTC continues to fall, $PEPE is likely to follow suit. However, a BTC rebound could alleviate selling pressure on $PEPE, potentially allowing it to rise despite bearish conditions.For those who shorted at 0.00000800, the decision to close positions fully or partially is up to you. Personally, I expect $PEPE to recover to 800 soon.
Currently, I'm gradually closing my short positions. If $PEPE falls to 700 and BTC starts to recover, I'll consider opening long positions.
Key indicators:
RMO is at -2.92, suggesting a possible bullish reversal.
PDI (LAG, White) is at 60/70, indicating a long-term uptrend.
PDI (SHORT, Red) stands at 40/70, signaling a short-term downtrend.
