When this one came crashing down, the chart stopped pretending! 📉🔥
A few days ago before bed, I saw
$PEPE still grinding repeatedly at a high level, looking like it was holding up on the surface, but the more I looked, the weaker it seemed: volume didn't follow, no one was buying the upward push, and the resistance above gave way easily when pressed.
When the chart hadn't fully started yet, I watched PEPE's rebound strength and judged that it wasn't a strong pull, but more like a loosening after a bull trap. So at that time, I suggested viewing it from a bearish rhythm and executing a short