I entered a buy position on the PEPE coin at 0.00001484 after noticing a temporary correction at the level of 0.00001541. I anticipated a quick rebound towards the upside.
However, the market defied expectations and continued to drop until the price reached 0.00001274, which caused a painful loss for me.
The main reason for the mistake is that I rushed to enter after the correction without confirmation from trading volume or stronger signals from RSI or MACD.
So always avoid entering a trade based solely on a minor correction; ensure there is real support and clear buying momentum.
