$1000PEPE At the current price of 0.0046, it plunged 15% in 24 hours, with $547 million in trading volume and a low of 0.0045—does this slow, low-volume decline look like the market maker shaking out weak hands? I’m still holding a 30% position in my live portfolio, down 8% on paper, but I’m not panicking.

There’s no bad news on the fundamentals, and no spike in large on-chain transfers. It’s just a cascade of liquidations of leveraged longs that dragged the price down. Technically, 0.0045 is support at the previous low, RSI is already in oversold territory, and a bullish divergence is starting to take shape on the 1-hour chart. My plan: accumulate another 20% in batches at 0.0045–0.0046, set a stop-loss at 0.0042 (admit I’m wrong if it breaks the previous low), and take profit at 0.0051 first (the 24-hour midpoint), then 0.0055. Total position won’t exceed 50%.
Two scenarios I’m anticipating: first, 0.0045 holds and we get a high-volume rebound, sending it straight back above 0.005; second, it breaks below 0.0045, wicks down to 0.0043, then rebounds—that would be a golden buying opportunity. I’m betting the first scenario is more likely, since a 15% drop hasn’t come with huge volume.
I’ll update with the results in the comments. #每周来晒 #Gate股票畅聊季