PEPE's Plunge: From Meme Dream to Margin Call Nightmare? with ideal Signals:
PEPE coin ($PEPE) is a meme coin built upon the iconic internet character, Pepe the Frog. Launched in 2023, it quickly gained traction, aiming to differentiate itself in a market largely dominated by dog-themed meme coins. PEPE operates on the Binance Smart Chain (BEP20) and boasts a substantial total supply of 420,690,000,000,000 tokens. Its tokenomics highlight a large portion allocated to liquidity pools with burnt LP tokens, and a smaller percentage held in a multi-signature wallet for future exchange listings and other developments. It's crucial to note that PEPE, like most meme coins, explicitly states it has no intrinsic value or expectation of financial return and lacks a formal team or roadmap. Its price is largely influenced by market mood, adoption, and speculative interest.
Trading PEPE on Binance (1H Timeframe)
Exchange: Binance
Pair: PEPE/USDT
Time Frame: 1H (1-hour chart)
Signal Type: Long (Bullish)
Leverage: 20x
Entry Price: $0.00001300 - $0.00001320
Take Profits:
** TP1: $0.00001370 (Targeting a retest of immediate resistance, previous swing high.)
** TP2: $0.00001420 (Aiming for a further extension if bullish momentum sustains, potentially breaking minor resistance.)
Stop Loss: $0.00001270
