Pepe Continuation Pattern, 5X SHORT—273% PotentialBillions of dollars worth of Bitcoins moving out of exchanges on a Saturday night, business hours I should say of course... Nothing to see here, move away...
My dear friend, we are calling this one a "continuation" SHORT. The reason for this name is because I have to make something up, so I hope you like it.
For PEPEUSDT we have a top in May, from this top a broadening descending channel developed. Resistance is being faced at the upper-trendline. We have long-term lower highs and short-term lower highs. There is the possibility of a continuation of the bearish move that started in May and ended in August. Based on the lower high sequence, etc. If you are reading this, then you've been reading me, and if you've been reading me you know all the reasons (chart signals/market data) why I am bearish.
Each chart works independently but also in conjunction.
Ok... Are you ready?
Without any more delays, below you have the full trade-numbers for this trade.
I am wishing you happiness and success.
You are appreciated, truly.
I appreciate the fact that you read, that you comment and that you share the content that I share.
Thanks a lot for your continued support.
➢ SHORT PEPEUSDT
Leverage: 5X
Entry levels:
1) 0.00001200
2) 0.00001000
Targets:
1) 0.00000960
3) 0.00000890
4) 0.00000825
5) 0.00000745
6) 0.00000625
7) 0.00000555
8) 0.00000465
Stop-loss:
Adjust to your own risk tolerance
Potential profits: 273%
Capital allocation: 4%
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I'll see you see you on the next one.
The chart looks solid. Just notice the trading volume, it is bearish and the chart structure.
With that said, things can always change.
It can break up. The market can be manipulated, there can be surprise events, etc.
There is strong risk involved in leveraged trading and this is not for beginners; experts only.
Namaste.
