$PEPE Meme New King: This position offers good value for a rebound.
I. Overall Trend Judgment
Current Price: 0.00000512. This position is extremely crucial. (End of 2023 - Early 2024), 0.00000400 - 0.00000500 is precisely the original accumulation zone before the last epic surge. Currently, the K-line has returned to this range and found support, indicating that the main players have not given up, but are instead conducting a second bottoming process here, waiting for the arrival of the next sentiment cycle.
PEPE is currently in a "left-side ambush period" with an excellent risk-reward ratio. Compared to chasing the price above 0.000010, the current position is equivalent to a discount. As long as the Meme sector gains momentum, PEPE, as the leader, will have the greatest elasticity.
II. Key Levels
Resistance Level:
Short-term resistance: 0.00000800. The recent rebound has hit a bottleneck, near the neckline of the "M-top" pattern.
Strong Resistance: 0.00001000. A psychological barrier to zero, and a watershed between bulls and bears.
Support Levels:
Golden Bottom: 0.00000450 - 0.00000500. Current support level of the candlestick body. Buying within this range is very safe.
Extreme Bottom: 0.00000300 - 0.00000350. The starting point of the upward move on the left side of the chart; unless the market crashes, it's unlikely to break through.
III. Volume Signals
Consolidation with decreasing volume.
Current trading volume has shrunk significantly compared to its peak.
Cooling sentiment. Speculative funds have temporarily left the market, but this also means selling pressure is waning, the market is lighter, and even a little capital can push it up.
IV. Trading Strategy
Owners: Hold on tight.
Strategy: Meme coin will either go to zero or increase a hundredfold.
Recommendation: Hold off. Cutting losses at 0.000005 is not worthwhile.
For those with no positions: Build positions in batches.
Strategy: Suitable for an aggressive position setup.
Buy: Buy directly at the current price of 0.0000051. If it retraces to 0.0000045, double down the position.
Target: Short-term target 0.000008, long-term target breaking the previous high.
V. Summary
PEPE is a "frog prince"—patiently wait for the wind to rise. A top choice for high-risk, high-reward trading with small positions.