PEPE - 77% crash ready, but re-buy exactly here! (best meme?)
I think PEPE is a great coin, but we need to buy it cheaper. The 0.618 FIB retracement is a reasonable level to buy the PEPE coin if you believe in another pump. There should be one more pump to new all-time highs after the ABC correction.
This coin is very volatile, which is definitely a good sign for all traders because the volatility increases the chance of success. But for holders, the volatility can be something like a roller coaster. 77% dump is very possible.
If we take a close look at the waves from the start of the small bear market, we can clearly see an impulse of 12345, which suggests pretty strong selling pressure. It indicates that the ABC correction is probably in play, and we need to complete it before we can continue to a new all-time high.
PEPE coin is ranked #66, which is still not that high. It's a pretty good meme coin, and that's why I think the bull market is not over yet.
I recommend this coin for all intraday and swing traders because the volume is pretty high and the volatility is as well.
In this analysis, I told you where to buy PEPE for another huge pump if you are interested in this coin but don't want to FOMO-in!
This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately.
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