$ETH Investing in the PEPE coin through the Binance platform can be risky, but it also carries short-term opportunities. Here are focused tips to help you make better decisions when dealing with PEPE on Binance:
1. Understand the nature of the coin – PEPE is a meme coin.
PEPE does not have a strong technical foundation like Bitcoin or Ethereum.
Its main driver is trends, community pressure, and sudden trades.
Tip: Do not invest more than 1-3% of your portfolio in it if you are a long-term investor.
2. Use technical analysis to determine entry and exit points.
PEPE is currently in a correction phase after strong rises in April and May.
Watch support levels (like 0.00001250) and resistance (0.00001500 and 0.00002000).
Tip: Always use Take Profit and Stop Loss orders in your trading.
3. Avoid chasing sudden highs (Avoid FOMO).
Most of PEPE's rises are quick and unsustainable.
Entering after a pump may lead to sharp losses.
Tip: Wait for corrections and enter gradually (DCA - Dollar Cost Averaging).
4. Monitor trading volume and liquidity on Binance.
If volume suddenly increases with strong green candles, there may be a new pump.
But be cautious of a sudden drop (Dump).
Tip: Monitor the "Order Book" on Binance to understand market intentions.