📊 You see a drop, I see an opportunity
Many people ask: PEPE has fallen like this—can we still hold it?
My answer: If your position is not heavy, just hold it; if your position is heavy, reduce a bit and adjust with additional buys.
From the 1-hour timeframe, PEPE has shown a clear period of contraction and stabilization in the sh.00000230-0.00000232 range.
The sell orders are running out of steam, while the buy orders are waiting.
The MACD on the hourly timeframe is about to form a golden cross, and the RSI is rebounding from a low level.
After every bout of contraction forming a base, there’s usually a decent rebound that follows.
This year’s PEPE price action tells me one lesson:
Don’t sell when you’re panicking; don’t buy when you’re being greedy.
#PEPE #MemeCoin #TechnicalAnalysis #Crypto #BinanceSquare
Many people ask: PEPE has fallen like this—can we still hold it?
My answer: If your position is not heavy, just hold it; if your position is heavy, reduce a bit and adjust with additional buys.
From the 1-hour timeframe, PEPE has shown a clear period of contraction and stabilization in the sh.00000230-0.00000232 range.
The sell orders are running out of steam, while the buy orders are waiting.
The MACD on the hourly timeframe is about to form a golden cross, and the RSI is rebounding from a low level.
After every bout of contraction forming a base, there’s usually a decent rebound that follows.
This year’s PEPE price action tells me one lesson:
Don’t sell when you’re panicking; don’t buy when you’re being greedy.
#PEPE #MemeCoin #TechnicalAnalysis #Crypto #BinanceSquare