$PEPE is sitting around $0.00000393 right now. It bounced off the $0.00000384 area, so buyers are still showing up there, but overall the move doesn’t look very strong yet. Price is still trading below the Super Trend around $0.00000401, which tells me sellers are still in control for now. For me, the key thing to watch is whether #PEPE‏ can get back above the $0.00000400–$0.00000403 zone. If it does, we could see a decent short-term push higher. If not, and support gives way, another dip wouldn’t surprise me. At this point, it feels more like a wait and see or quick scalp setup rather than jumping into aggressive longs.

#pepe