PEPE accumulation scenario - an update

I would like to update my previous analysis for PEPE (see link below).

My view does not change: a possible accumulation is on-going. Only the levels are slightly modified. It's likely that PEPE prices are evolving in an ascending channel with some deviations.

Following wyckoff accumulation schematic, in my opinion, the phase B is happening with a potential Spring (deviation of the main channel to the down-side). However this Spring event is not always needed.

What are your thoughts about PEPE and this analysis?

Have a nice week!

コメント:

I'll look for a LONG setup around the supports and the deviation area (marked in yellow)

コメント:

My first buy is here at $0.155
Second price: $0.144
Last entry: $0.137

コメント:

Prices are at support zone (lower trendline of the current range). It's possible that deviation could happen.

コメント:

It's about time?
Attention that false break-down is possible.

コメント:

PEPE drops along with BTC
Two limit orders $0.144 and $0.137 were filled.
I'll consider to go out if today closes below $0.136.

コメント:

BTC is very likely to close below the EMA 50D today. BTC's pullback is expected to happen tomorrow. I'll consider to keep or get out of this PEPE trade

手動でトレードを終了しました:

The plan is no longer valid. I stepped out of this trade.
PEPE is not strong enough to resist to BTC's weakness.