Urgent: A decision to buy Pepe in the current situation?
The decision to invest in $PEPE in the current situation requires careful consideration of many different factors, as I mentioned. Here are some additional points to consider before making your final decision.
👉 Technical Analysis:
✅ Big discounts: As I mentioned, prices drop quickly. This usually reflects significant selling pressure and may continue to decline in the short term.
👉 Support and Resistance:
✅ Check key support levels on the price chart. If the price is close to a strong support level, it can be considered a potential buying opportunity. However, if the price breaks this support level, further decline is possible.
Market sentiment:
👉 Negative emotions:
✅ Negative posts from the community can increase sales pressure. However, if you believe that this is just a temporary response and that PEPE has the potential to recover, then buying now may suit your strategy.
👉 Crowd psychology:
✅ Sometimes the crowd's mood is very negative, which may indicate overselling and create a good buying opportunity