Short

PEPE Pullback!

Updated

Let's try making some money with PEPE going down, That way we can load up more for the actual bullrun!

I'm not a financial advisor!

But if you follow my charts I suggest you put a tight SL on everything

I'll make it simple
White line is resistance, you can take profit here and I normally do because it just bounces down and I add more on the way down

All green lines are closing targets, the closer they are the higher chance they have of hitting, do this at your discretion, but I'd advise 50% first target and split the rest with the other two line, however there is a risk that it won't go any higher

Note

Slight change in targets but not too much, I'll post it when it's confirmed.

Note

Okay, this might be the end of W1
targets updated

Note

RSI seems exhausted, this seems like the start of W1 finally. I usually try not to trade the first wave since it's very dangerous. If this low hold then these are the targets

Note

Still looking bearish, wave 1 is still looking for a bottom

Note

RSI has a divergence, which means this is likely the bottom now, we should be moving to W2 now

Trade active

PEPE made a new low in the last few hours, but now the RSI clearly shows a wave change
there is an updated target now

Note

To be a little clearer, We should finally be starting W1, we are on our way to W2
just a reminder for those who traded with me in the past.

the targets in this strategy are to be thought of like this

0.5 - not a target but it is normal to face resistance here.
0.618 - is the golden target, we should to offload most if not all of our position here
0.786- If you held on to some of your position and are willing to risk this move you can off load here

There are higher targets but they have very low chances to hit
reminder that my targets can sometimes be off a few % or so. for example it target is 0.00000842 my sell would be 0.00000838 or something like that

Note

Excuse the delay, I had a medical emergency in my family took afifll my focus these last 24hrs
anyways

W2 has ended could not break .5 and like I always say, take profits early! .5 used to not be considered a fib where positions would be closed but here we are

Note

We're on W 3 now and if you did not open a short at the end of W2 I strongly recommend you wait till this wave is done and comes back up since getting in now is just losing money, Make up for it on the way up! if you must just put a little position in like 2% or something.

I've also made a discord so if anyone wants to build a community with me!
discord.gg/Jm6kmyNv

Note

Seems like we're getting stuck on the 1 which, okay fine, but this is not a target like the .5 normally can act like one

The RSI is looking very bearish! so i'm waiting here on the 1.618!

Note

if W3 doesn't make a new low

Note

Sorry y'all this being a memecoin the math won't always math correctly, but in any case
we're finished W4 and going to W5

Some things i've learned trading this coin.
1) it treats the .5 with respect, sometimes that is a target, traditionally it's not
2) Entries don't add up to the correct fib usually +- 3% use this information as you will
3) SL are essential

Note

Oh and for wave 5, traditionally it wants to hit the 1 and the 1.618

Order cancelled

This trade is becoming too muddled by the larger market. I'm leaving it

SpaceMecha

Also on:

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.