Today I want to analyze Memecoin for you, which looks very similar to PEPEUSDTPepe's Memecoin, with the difference that it has a hat and is red in color. The name of this meme is PPEIPEIUSDTPeiPei(ETH).
Looking at PeiPei(ETH)'s website, we realize that the website is really weak and has NO whitepaper like many memecoins. The number of PeiPei(ETH)'s followers on social media is very low.
According to the above explanation, please don't take too much risk and follow the capital management, and it doesn't seem that PeiPei(ETH) can be profitable in the long term, but we can get at least +30% profit from this token according to the analysis below.
PeiPei(ETH) has successfully broken the Resistance zone and is currently completing the pullback.
According to Elliott's wave theory, PeiPei(ETH) seems to be completing wave 4.
I expect PeiPei(ETH) to rise(+30%) to the Potential Reversal Zone(PRZ) after the completion of wave 4.
Note: If the PeiPei(ETH) forms a 4-hour candle below the resistance zone, the scenario will change and the probability of the PeiPei(ETH) falling is very high.
Note: An important point you should always remember is capital management and lack of greed.
PeiPei(ETH) Analyze (PEIPEIUSDT), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
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