PEPE has been relatively strong with recent fluctuations. Currently, the price is stuck around **$0.0000069**, with only a 0.3% increase over the past 24 hours. The 24-hour trading volume is approximately $140 million, and volatility has narrowed. From a technical perspective, the daily chart has completed a breakout from the descending wedge pattern. The key resistance level is at $0.0000075, with support at $0.0000063. The RSI is in the neutral zone, and the momentum indicated by OBV still needs further observation.
How to operate from a trading perspective? If the price stabilizes above $0.0000069, consider a small long position, setting a stop loss at $0.0000063, with a target of $0.0000075. However, if it breaks below that level, it’s better to stay on the sidelines or try a small short position with a stop loss at $0.0000070.
Risks to watch out for include: BTC price movements directly influencing the market, large holders' selling pressure, and meme coin sentiment possibly waning. Therefore, keep your position size within 1%, and avoid holding on for too long—quick entries and exits are recommended.
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SmartContractPhobia
· 01-12 02:24
pepe is starting to stir again. I feel that this wedge breakout looks a bit shaky. Can it really hold steady at 0.0000069?
It seems like we're just waiting for BTC to have a correction and directly break through the support. Meme coins are really all about sentiment.
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RektRecovery
· 01-11 12:06
lmao here we go again with the "wedge breakout" narrative... i've literally seen this exact setup fail 47 times already this cycle. classic vulnerability—everyone's watching the same chart, so ofc it breaks the other way. memecoin traders are predictable theater at this point ngl.
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TokenTherapist
· 01-11 11:26
pepe is still dithering, I was already asleep during this rise
The wedge breakdown has occurred, but the real test is still ahead, it depends on btc's mood
A 0.3% increase is not worth getting excited about, I’ll wait and see first
The 1% position size suggestion is still reliable, don’t let meme coin sentiment hijack you
It's RSI neutral again, and still needs further observation, meaning no clear decision yet
Can you hold the stop-loss line? It feels like big players could dump at any time
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BearMarketSurvivor
· 01-09 02:57
pepe is rambling again. This wedge breakout looks pretty comfortable, but a 0.3% increase... really?
Wait, why do I feel like Bitcoin is the real mastermind behind the scenes?
I agree with the 1% position trick, don't be damn greedy.
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liquidation_watcher
· 01-09 02:52
Pepe, this move either breaks through 75 or is a false breakout. Anyway, I don't dare to hold a heavy position.
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wrekt_but_learning
· 01-09 02:52
pepe is messing around here again, a 0.3% increase is really disappointing. Let's wait until the wedge pattern truly breaks before discussing further.
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BTCRetirementFund
· 01-09 02:43
The wedge breakout pattern is starting to play out again. I like it and believe in it, but I just don't dare to buy in.
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UncommonNPC
· 01-09 02:37
pepe is still dithering here, I can't see any signs of a breakthrough... Is a 0.3% increase considered strong? Laughing out loud, meme coins are like that, as soon as the sentiment shifts, it plunges right in.
PEPE has been relatively strong with recent fluctuations. Currently, the price is stuck around **$0.0000069**, with only a 0.3% increase over the past 24 hours. The 24-hour trading volume is approximately $140 million, and volatility has narrowed. From a technical perspective, the daily chart has completed a breakout from the descending wedge pattern. The key resistance level is at $0.0000075, with support at $0.0000063. The RSI is in the neutral zone, and the momentum indicated by OBV still needs further observation.
How to operate from a trading perspective? If the price stabilizes above $0.0000069, consider a small long position, setting a stop loss at $0.0000063, with a target of $0.0000075. However, if it breaks below that level, it’s better to stay on the sidelines or try a small short position with a stop loss at $0.0000070.
Risks to watch out for include: BTC price movements directly influencing the market, large holders' selling pressure, and meme coin sentiment possibly waning. Therefore, keep your position size within 1%, and avoid holding on for too long—quick entries and exits are recommended.