Me Ignoring PEPE… Until #PEPEBrokeThroughDowntrendLine
I’ll be honest.
I muted PEPE weeks ago.
Too much noise. Too many “next 100x” tweets. It felt like background chaos. And I’ve learned that when a coin becomes entertainment, discipline usually disappears.
But yesterday I reopened the chart.
Not because of hype.
Because structure changed.
For nearly three weeks, PEPE respected a clean descending trendline. Lower highs. Weak bounces. Sellers arein control. Every pump faded.
Then something subtle happened.
The downtrend line didn’t just wick break.
It closed above it. With volume.
That’s different.
A breakout without volume is hope. A breakout with expanding volume is intent.
And that’s when I stopped ignoring it.
Not to ape in blindly. But to evaluate.
First question: Was liquidity taken below recent lows before breakout? Yes. Second: Did open interest increase without aggressive funding spikes? It is . Third: Is Bitcoin stable enough to support alt momentum? For now, yes.
This isn’t about PEPE specifically.
It’s about behavior.
Most people ignore assets during compression. Then chase after expansion.
The real edge isn’t predicting memes. It’s recognizing structural shifts before narrative catches up.
If PEPE holds above the broken trendline on retest, we’re looking at potential momentum continuation. If it fails and reclaims below, it’s a fake breakout.
Both scenarios are tradable.
But only if you’re paying attention before the crowd floods in.
Let me ask you something:
Did you ignore it too? Or were you already watching quietly?
Drop your view below. Bullish continuation or fake breakout?
#PEPEBrokeThroughDowntrendLine #PEPEBrokeThroughDowntrendLine #pepe