Important update: PEPE, BTC, ETH
🚨🚨 Important updates alert 🚨🚨
1️⃣Pepe’s analysis:
Current Situation: PEPE continues its upward momentum.
Challenges: Breaking the current level requires injecting a large amount of liquidity.
Support Level: Strong support is located at 0.00001420.
Possible move: If 0.00001420 is broken, PEPE could see a modest increase to 0.00001450 or even 0.00001500.
Possibility of correction: A correction may occur soon, but it is uncertain when.
2️⃣ Market conditions:
Increased Liquidity: An abnormal flow of liquidity occurs due to news related to the ETH SPOT ETF.
Expected Correction: A major correction is expected today or tomorrow, which could negatively impact PEPE.
Trading Recommendation: It is advised to stay away from trading PEPE as it may face significant declines. The current market value indicates a possible peak, which indicates possible sharp declines.
Indicators: The RSI and other indicators point to an imminent strong movement, and the current negativity indicates a possible hidden shift.
3️⃣ Short positions:
Action: If you hold any short positions, it is best to consolidate and wait.
Risk: Due to the nature of PEPE as a MEME coin, it may see a decline in the next day or so.
Tip: Avoid trading PEPE at the moment as a correction seems likely, which could take it out of the bullish zone.$PEPE