PEPE chart update

Pepe is falling down for the past few hours. In the 1h chart a bullish falling wedge has formed. Bottom of the wedge is 0.00000989, which might be the bottom of the downtrend. However since candles are already hovering above the wedge, upside movement is possible.

We have a strong KDJ support at 0.000015 to 44, which is where the current price is. This means that the present price is a good entry if you're trading in spot.

However, be careful with 0.000011. The KDJ oscillator has detected massive selling along this zone, and most likely there are still some pending sell orders left. Expect rough ride specially no previous candle has broke it yet.

If you're in futures safest long entry is the bottom which is 0.00000989, TP at resistance which is 0.000011, tight 2% SL. Dont catch falling candles, allow it to move side ways. Protect your capital always. Only risk 2%.

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