PEPE rebounds and hits the ceiling? The long-short game is about to start!
PEPE has been pulling up recently and finally approached the key resistance level of 0.025 again. This area has been defeated many times before and can be called the "death position of shorts". From a technical point of view, the MACD fast and slow lines gradually stick together in the short cycle, and the short kinetic energy column has expanded significantly, indicating that the selling pressure is gradually rising, and the long combat power is facing a severe test.
The situation is clear: breaking through 0.025, the bulls turn over and sing a big drama, and the bull market atmosphere is soaring; but if it turns back again, it may be the prelude to a new round of bottoming out! Is this rebound the return of the king, or a lingering breath? Everything depends on whether this level can be broken!
Watch calmly and wait patiently for the market to speak for itself! Don't rush to get out, it is the wise choice to act when the trend breaks. Follow Brother Jiang closely, gain insight into opportunities, and grasp the pulse of the market steadily!
