$PEPE Current price: 0.0000138. 24h high: 0.00001632 • 24h low: 0.00001356. 24h volume: 2.77 billion USD. Market cap: 5.80 billion USD
Weekly & Daily Frame. Long-term trend: The price has jumped up like a frog breaking the well at the beginning of the month, rising ~+75% in 30 days but now is... sluggish.
Price pattern: A double top appears on the daily frame around 0.000018, signaling that the frog may... run out of gas.
Daily RSI (14): ~72 → overbought zone, prone to deep correction.
MA50/MA200 line: MA50 is still above MA200, but the distance is narrowing - warning that 'bears' may join the fight.
If it loses the support level of 0.0000125, the frog may... delay 'pumping out' until the end of the month.
4H Bollinger Bands (20,2): The price is fluctuating between the middle and lower bands, indicating a contraction before a breakout.
MACD: The MACD line is crossing down the signal line, and the histogram is turning red - signaling an upcoming 'dump'.
RSI (14): ~60 – still above neutral level, may have a slight rebound before continuing to fall.
4H resistance: 0.0000150 – 0.0000153. 4H support: 0.0000138- 0.0000140. Has been broken.
1H frame: RSI (6): ~40 – neutral zone, the frog is not... breathing hard but also not 'suffocating'.
MACD-Histogram: Currently contracting below 0, indicating that the recent strong selling pressure has gradually decreased.
Volume: The volume bar decreased compared to the previous session, signaling that the wind has calmed down - the frog may swim against the current slightly.
Falling wedge 1H: Usually leads to a technical rebound to 0.0000148 before... a new wave.
15 Minute Frame: RSI (6): ~25 – extremely oversold, scalpers may 'hold the knife' for risky buying. MACD: The MACD line is slightly contracting, the histogram is thinning, waiting for a buy signal. Volume: The recent dump created a volume spike, now the volume is back to normal - the 'hungry tiger' has not yet appeared.
Price range: 0.0000136 – 0.0000142
‘Frog catching the knife’ strategy
Long term (holding): Wait for the price to test the area of 0.0000125 – 0.0000130 with decreased volume and form a bullish candle pattern (hammer, bullish engulfing) before entering a position. Stop-loss just below 0.0000120 to avoid the case where the frog... falls into a deep hole.
Short term (scalp/swing): Look for a technical rebound up to 0.0000148 – 0.0000150 to sell off lightly.
If the price breaks 0.0000138 on the 1H frame with an increase in volume, it may be time to sell quickly to take profits/fomo stop-loss.
Today feels like the frog just surfaced from the bottom of the well, bewilderedly looking at the vast sky with its mouth... then feels scared seeing the sky too high! Anyone daring to catch the falling knife should remember: the blade is very sharp, the little frog needs to hold on tight. Those who enjoy drama should wait for the frog to bounce back to test 0.000015, while those afraid of breaking the well should wait until it drops down to 0.000012 before jumping in.
Wishing you ‘catching the frog’ success - but don't let the frog become a laughing stock!
When trading, remember to wear a condom so your wallet doesn’t get aids.