PEPE is now playing the psychological warfare of major players!
Just after the good news about listing on a major exchange broke out in the early morning, a mysterious whale dumped 80 billion coins, this operation of "false good news, real harvesting" directly caused the price to go on a rollercoaster.
On-chain data reveals the truth — the top five addresses control 38% of the chips, these people are selling with one hand and placing buy orders at low prices with the other, clearly aiming to wash out retail investors!
The technical indicators are even more thrilling: the MACD indicator is sticking below the zero axis like a dead fish, trading volume has halved compared to expectations, and the moving average system shows increasing selling pressure.
Remember that the current market is a bald-headed game; the longer it consolidates, the more violently it will change. The 0.069 threshold has already become a meat grinder for bulls and bears.
Don’t be fooled by the current calm; the dog庄 holds the chips and is just waiting for the moment of explosive volume, either to pull the price up violently or to crash it brutally. If action is to be taken, two key points must be addressed: first, a sudden surge in volume breaking through the consolidation range; second, significant unusual transfers appearing on-chain. Without these two signals, don’t easily jump in to be cannon fodder!
Are you stuck? When to buy the dip? As always, if you feel lost and helpless and don’t know what to do, click on the profile picture and comment. I need fans, you need references.
Subsequently, I will continue to ambush strong coins; if you want to follow the strategy 🚙: 111
Pay attention to: Bitcoin, Ethereum, and some popular altcoins