🐸 PEPE/USDT – Strong Bullish, But Already in Overbought Zone!

The current price of PEPE is 0.00001110 (+5.61%), moving near resistance 0.00001120–0.00001124 which is the upper line of the Bollinger Bands.

📊 Technical Conditions (2-Hour TF)

• Trend: Strong bullish, candle sticking to the upper band.

• RSI(6): 74.8 & RSI(12): 70.7 → Already in the overbought zone.

• Stochastic K/D/J: All >80 → Potential overbought.

• MACD: Still positive, but the histogram is starting to shrink → sign of momentum starting to slow down.

⚠️ Warning

The market is currently euphoric, but remember: every rapid increase is usually followed by a brief correction. Don’t enter during overbought conditions without an exit plan. Waiting for a retrace moment will be safer than joining the FOMO wave.

💡 “In the market, we not only look for the moments to rise but also the safe moments to join the rise.”