Recently, PEPE's movements have attracted quite a bit of attention. According to market data, PEPE is hovering around the key support level of $0.054, with the price still trading above this point. However, the underlying issue is that a large holder suddenly sold tens of millions of PEPE tokens, which clearly dealt a blow to market sentiment.
Looking at the situation calmly, the current data is still somewhat interesting. PEPE's price remains stable in the $0.000004 range, and from the perspective of bullish versus bearish comparison, the bulls still hold the upper hand. The RSI indicator shows 52.7, indicating that market sentiment is neither overly optimistic nor pessimistic, but relatively balanced. In this environment, the key is whether support and resistance levels can effectively play their roles.
Judging from community activity, PEPE consistently maintains a fairly active discussion atmosphere. The vitality of such projects often comes from community consensus and sustained attention. From this perspective, there is still a possibility for the trend to continue. However, to be honest, the large holder's selling behavior will put short-term pressure on the price, which is a warning sign to watch out for.
From a trading perspective, my general approach is as follows: start with a small position (about 10% of funds) to test the waters, set a stop-loss at $0.0000038 to control risk, and initially target $0.0000045. If PEPE can successfully break through the $0.000004 key level, then consider increasing the position to around 20%. This way, you can participate in potential gains while avoiding excessive losses during a pullback.
Of course, everyone's risk appetite and financial situation are different, so this is just a reference idea. You can adjust your strategy according to your actual circumstances. How to judge this position? Feel free to share your thoughts.
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NFTRegretDiary
· 7h ago
Whale dumping this thing, it's an old trick. As long as the community's enthusiasm is still there, there's not much to worry about.
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RugpullAlertOfficer
· 7h ago
Large traders dumping is really disgusting, and there will definitely be short-term pressure.
Here comes the routine of cutting leeks again, I'll still wait and see.
The community is very active, but be cautious and don't get caught.
Recently, PEPE's movements have attracted quite a bit of attention. According to market data, PEPE is hovering around the key support level of $0.054, with the price still trading above this point. However, the underlying issue is that a large holder suddenly sold tens of millions of PEPE tokens, which clearly dealt a blow to market sentiment.
Looking at the situation calmly, the current data is still somewhat interesting. PEPE's price remains stable in the $0.000004 range, and from the perspective of bullish versus bearish comparison, the bulls still hold the upper hand. The RSI indicator shows 52.7, indicating that market sentiment is neither overly optimistic nor pessimistic, but relatively balanced. In this environment, the key is whether support and resistance levels can effectively play their roles.
Judging from community activity, PEPE consistently maintains a fairly active discussion atmosphere. The vitality of such projects often comes from community consensus and sustained attention. From this perspective, there is still a possibility for the trend to continue. However, to be honest, the large holder's selling behavior will put short-term pressure on the price, which is a warning sign to watch out for.
From a trading perspective, my general approach is as follows: start with a small position (about 10% of funds) to test the waters, set a stop-loss at $0.0000038 to control risk, and initially target $0.0000045. If PEPE can successfully break through the $0.000004 key level, then consider increasing the position to around 20%. This way, you can participate in potential gains while avoiding excessive losses during a pullback.
Of course, everyone's risk appetite and financial situation are different, so this is just a reference idea. You can adjust your strategy according to your actual circumstances. How to judge this position? Feel free to share your thoughts.