I believe many people are paying attention to PEPE. I have reminded you that there is no reversal signal in the market and it is still in an upward trend. However, many people were shorting at that time. Obviously, shorting at this position is very risky.

I have reminded you in the article that we should pay close attention to the reversal signal in the future. Once it appears, the rise may encounter pressure.

The sentiment of retail investors is often opposite to that of the main force. Before PEPE broke the new high, there was no reversal signal, but many people shorted it, thinking that it would not break the new high.

Now it has broken the new high, but the market can see that the rising force has become weaker and weaker. Last week, the "pregnant line" pattern appeared, indicating that the market may change, but countless people bought in.

It is obvious that PEPE has been rising in a shrinking volume this round. Although it has broken the new high, the strength is insufficient, and the amplitude of breaking the new high is not too large. Then the pregnant line pattern appears again, which is a risk signal.

Therefore, MEME series, everyone should be careful now.

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