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PEPEUSDT · 0.00000348

Pepe is currently in the middle of the daily range, and this is an unfavorable entry point for a long given the blood on BTC. I see that the top of the profile at 0.00000369 is where the main volumes cluster, and the bottom of the zone at 0.00000326 aligns with the weekly floor. If the market continues to fall along with BTC, this bottom will act as a magnet, and my stop-loss will get caught in a trap.

I'm taking a long only if I see a bounce from the 0.00000342 level — this is the current daily minimum, a point where there was a volume cluster. Trigger: the price must break above the top of the daily range at 0.00000369 with increasing volume, otherwise it will be a false break into a sparse zone above.

I switch to a short as soon as the price reverses below 0.00000342 with a break — then the liquidity downward will open and there will be a clear path down to 0.00000326. I'm waiting for clarification on BTC now, a small position can be placed, but without over-leverage.$PEPE
PEPE-3.86%
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