Recently, the trend of PEPE coin can be described as 'uneventful', as if even the frogs can't jump anymore. Although the bulls are trying to push the price forward, it is clear that they are 'willing but unable'. The resistance level is like the dam of the frog kingdom, no matter how they leap, they cannot get over it.
Current price: 0.00002088
Opening position: open a short position when the price approaches 0.00002100, accurately locking in the resistance level, letting the market pave the way for you to go down.
Stop-loss setting: set the stop-loss above 0.00002150, leaving room for the bulls' last 'struggle'.
Take-profit setting:
First target level: 0.00002040, cashing out the first portion of the 'frog jumping fund'.
Second target level: 0.00001950, follow up for victory, the bulls' 'croak' gradually weakens.
Final target level: 0.00001820, expecting the bears to reap the final harvest.
Market trend: short opportunities in the 'three no market'.
The current market can be described as 'three no's': no momentum, no direction, no passion. With low trading volume, the bears just need to wait quietly for the 'bulls to tire out' and can then take advantage of the opportunity to drive prices down.
Resistance and support analysis:
Resistance area: around 0.00002100, like a ceiling, pressing down the bulls' helmets, leaving them nowhere to exert their strength.
Support area: around 0.00001820, is the 'target land' in the minds of the bears, expecting a steady landing.
Strategy interpretation: The playground of the bears.
First, open a short position near the resistance level, giving the market a 'surprise'.
Gradual take-profit is key, letting profits realize in phases, avoiding scaring away the bears with a 'sudden frog jump'.
Strict stop-loss, after all, frogs might also grab a lifeline and leap back to the surface.
The current PEPE coin market seems like a frog unwilling to jump; the bears are undoubtedly the winners of this game. The bulls are like a 'fading splash' frog, no matter how much they try to leap, they seem destined to struggle down the slope.
Hurry up and seize this sliding opportunity of 'PEPE coin', let your short position croak out the victory song!