# PEPE's Whales Are Making Moves Again
PEPE just wrecked the charts on Binance Square today, with meme sentiment skyrocketing the contract open interest.
On the chart: 0.0000120 has become a short-term support, but the resistance at 0.0000135 is holding strong, and the volume is pitifully low—this isn't consolidation; it's the calm before the storm.
My take: Don't chase; as soon as retail jumps in, the whales will pump and dump. Better to miss out than get caught holding the bag.
I placed a short at 0.0000118, with a stop loss at 0.0000138, aiming for a risk-reward ratio of 2:1, keeping my position at 5%, it's manageable.
#PEPE #Meme币 #TradingDiary
PEPE just wrecked the charts on Binance Square today, with meme sentiment skyrocketing the contract open interest.
On the chart: 0.0000120 has become a short-term support, but the resistance at 0.0000135 is holding strong, and the volume is pitifully low—this isn't consolidation; it's the calm before the storm.
My take: Don't chase; as soon as retail jumps in, the whales will pump and dump. Better to miss out than get caught holding the bag.
I placed a short at 0.0000118, with a stop loss at 0.0000138, aiming for a risk-reward ratio of 2:1, keeping my position at 5%, it's manageable.
#PEPE #Meme币 #TradingDiary