$PEPEUSDT Next Move (Short Term Long)

So my last long position was opened at 0.00001364, here is my analysis over what I expect to be the next move once it passes ATH again. This is short term and not financial advise.

Note

At 2 PM (Irish Time) ETH saw a massive 5% move within a minute, this was probably caused by a mix of Inflation news and ETH sell order from trading firm Symbolic Capital Partner. Blockchain data showed the firm sold 6,968 ETH worth $27.4 million within a minute. This has caused short term sentiment to shift as BTC and ETH turned into red for the day with focus on BTC losing 69K straight into 67K range. Also, latest news showed ETH ETF isn't as sorted as expected with Politicians still pushing for approval.

For what I see is a movement to 0.00001250 zone before returning to Bull movement pending Market doesn't start to panic.

Trade closed: target reached

Target Reached, now focus back to 0.00001250 zone

FelipeBart

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

FelipeBart