$PEPE What Do You Want to Do? 🐸 Let's Take a Peek Together!
Hello trader friends! 👋 I'm looking at PEPE/USDT on the 4-hour timeframe. Where do you think this green frog is headed? 🤔
Important Points I Found:
- The trend is still very bearish, guys! Lux Algo SMC shows a lot of BOS (Break of Structure) downwards. 📉
- There's a demand area (blue zone) around 0.000000750-0.000000780 that looks interesting to monitor. Who knows, it might bounce from here! 😉
- Transaction volume is sluggish right now, lacking enthusiasm if the price wants to go up. 😴
- RSI is in the middle, not showing a clear signal whether to pump or dive. ⚖️
Optimistic View ✨:
If PEPE can hold in the earlier demand area and buying volume comes in, there’s a small chance to bounce back up to 0.000000950-0.000001000. 🙏
Cautious View ⚠️:
However, selling pressure is still very strong. If the demand area at 0.000000750 breaks, be prepared for PEPE to look for even lower prices. So, don’t rush! 🥶
Conclusion:
PEPE is still in a downtrend. If you want to trade, it's very important to wait for clear confirmation and always use a stop-loss! Don't get stuck! 🛡️
Come on, share your opinions in the comments section! 👇
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