$PEPE is Falling! Is it a Trap or a Massive Dip-Buying Opportunity? 📉🐸
The meme momentum is fading, and $PEPE is currently facing a significant downward trend. We are seeing a "Lower Low" pattern on the hourly chart, and the bears are clearly in control right now.
Key Levels to Watch during this Drop:
Immediate Support: $0.00000850 - If we break this, we might see a further slide.
The "Bounce" Zone: $0.00000780 - This is where I expect strong buyers to step in.
Resistance: $0.00001020 - We need to reclaim this level to turn bullish again.
Strategy for Traders:
For Short Sellers: Watch for a rejection at the EMA-20.
For Long-Term Holders: Don't panic, look for "DCA" opportunities at the support levels mentioned above.
Risk Warning: High volatility! Keep your Stop-Loss tight
