These dates are key because it's when trading algorithms usually execute liquidity sweeps:
Monday, February 2:
The ISM Manufacturing PMI is published. If the data is better than expected, the dollar strengthens and cryptocurrencies usually drop to seek lower liquidity (a good time to catch the "wick" in $PEPE and $VANRY ).
Wednesday, February 4:
ADP employment report. It is the prelude to the official data. Historically, this day has a lot of "false" volatility (quick ups and downs to clear both sides of the market).
Friday, February 6th:
Non-Farm Payrolls (NFP). It's the most important data of the month. A weak employment figure could force the Fed to be more aggressive in lowering rates, which would inject immediate liquidity into memecoins like #PEPE and #vanar
What to specifically expect for these 2:
Phase of Indecision (Monday-Wednesday): PEPE will likely continue to oscillate between $0.00000440 (lateral support) and $0.00000480. It is a "trap" zone where it is better not to open large new positions.
The "Shakeout": Between Wednesday and Friday, look for a sharp move towards $0.00000415. If the price reaches there during the employment news and bounces, it is a signal that the whales are re-accumulating.
Correlation with Bitcoin: Bitcoin is dealing with its own liquidity at $80k-$82k. If BTC decides to make the final "dip" to clear extreme fear before the bounce, PEPE will do so amplified because we know it always jumps exaggeratedly...
Recommendation for your next trade
Do not chase the sideways movement: If the price breaks up without volume, it is usually a trap.
Place "Limit" orders: Instead of entering the market (Market Order), place a limit buy order near $0.00000418 and forget about it. If volatility spikes while you sleep or work, you'll enter at the point of maximum liquidity, but if you set it too low and it doesn't reach, that's on you...
Take Profit: If PEPE regains strength, the first real target where there is liquidity to take profits is the range of $0.00000510 - $0.00000530, I believe that with decent leverage it would yield a juicy profit...
But it's your decision, I am not a financial advisor.
@Vanar @vanar
This ecosystem will give a lot to talk about.
