$PEPE The short selling pressure is too obvious
The price has already dropped by 0.6%. The dead cross of MA and EMA is right there. In the short term, the trend is definitely downward. Just look at the order book over there; sell orders are piled up like a mountain, while buy orders are as thin as paper, barely holding up. Although the volume bar below has shown a bit of red, it’s useless; there isn’t even a decent rebound signal to be seen.
Overall, it’s just sliding down. Plus, there’s a lot of regulatory news flying around in the circle right now. This type of Meme coin that relies purely on sentiment is the most likely to have issues. I dare say today PEPE will still drop significantly, and it’s very likely to test previous lows. If that position can’t hold, the drop will be even sharper.
To be honest, watching this trend makes me feel anxious. Be honest; either watch closely or set your stop-loss line clearly. In short, today PEPE continues to decline.
If you want to make money, don’t be a lone warrior! Follow me and comment to share your thoughts, let’s seize the lucrative opportunities of the bull market together!
