PEPE / TetherUSShort
$PEPE update after this huge pump!
Updated
We love PEPE—one of the coolest meme coins out there.
This pump was massive and unexpected. However, all indicators are now overheated. While forecasting a meme coin is always tricky (they can be influenced by exchanges or whales playing with the price), the chart is giving us signals.
I expect a correction as those who drove the pump may start selling to free up liquidity for other coins.
If indicators follow through, we’re looking at a correction down to 0.00001000-0.00001400 within the green box, making it a good entry point to capture the second part of altseason in Q1 2025.
With strong support at 0.00001000, it’s unlikely thatPEPE will drop lower this cycle.
**DYOR**
PEPE—one of the coolest meme coins out there.This pump was massive and unexpected. However, all indicators are now overheated. While forecasting a meme coin is always tricky (they can be influenced by exchanges or whales playing with the price), the chart is giving us signals.
I expect a correction as those who drove the pump may start selling to free up liquidity for other coins.
If indicators follow through, we’re looking at a correction down to 0.00001000-0.00001400 within the green box, making it a good entry point to capture the second part of altseason in Q1 2025.
With strong support at 0.00001000, it’s unlikely that
PEPE will drop lower this cycle.**DYOR**
Trade active
Little update. Things are going as planed, we are half way to the bottom.
Updated chart:
Order cancelled
We are getting there, be patientNote
We touched my green box, at 0.00001400
Mission accomplished.
However the charts is telling me that it is not the end of the correction and that we might go even lower
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