Market Update: Caution on 
PEPE
There was hope. The consolidation looked exhausted, and a daily pump was forming.
Then Bybit got hacked, Bitcoin dumped, and now everything seems canceled.
⚠️ Warning:PEPE, despite being a solid and well-managed meme coin, is still a meme. Institutions appear to be selling off anything that looks like an animal in crypto.
What to Do Now?
✅ Wait for market stabilization—PEPE is at an attractive price, but it can drop much lower.
✅ Refill your bag at the bottom of the correction, not during dead cat bounces—unless you're a pro at trading bearish markets.
The Reversal Will Be EPIC! 🚀
This is temporary. Once the market bottoms out, the bounce could be massive.PEPE can do x2 or x3 in a month when sentiment improves!
🔍 DYOR
PEPEThere was hope. The consolidation looked exhausted, and a daily pump was forming.
Then Bybit got hacked, Bitcoin dumped, and now everything seems canceled.
⚠️ Warning:
PEPE, despite being a solid and well-managed meme coin, is still a meme. Institutions appear to be selling off anything that looks like an animal in crypto.What to Do Now?
✅ Wait for market stabilization—
PEPE is at an attractive price, but it can drop much lower.✅ Refill your bag at the bottom of the correction, not during dead cat bounces—unless you're a pro at trading bearish markets.
The Reversal Will Be EPIC! 🚀
This is temporary. Once the market bottoms out, the bounce could be massive.
PEPE can do x2 or x3 in a month when sentiment improves! 🔍 DYOR
Trade closed: target reached
I have to take this back. PEPE did amazing. He simply outperformed the market and before today's dump was at 0.00000780, now it is at 0.00000820!!! it actually increased in value!Note
Well another update. This idea was actually right. The
PEPE pump was a dead cat bounce and then it dipped to 0.00000640Not it is stable around 0.00000700 but that is a -15% drop.
This idea was on 1H timeframe, I will do another one soon. But so far, the warning was correct.
Note
We reached the 0.00000500 levels today... another correct idea. Bottom should happen next month or maximum May 2025, check my other ideas to know why.
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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.