PEPE has been showing some interesting movements these past two days. The 15-minute RSI touched the 70 overbought zone, but look at the 1-hour and 4-hour RSI, both have surged past 80, indicating a classic overbought signal. The 1-hour MACD histogram is shrinking, and the 4-hour shows signs of stagnation. The most concerning part is that trading volume has almost disappeared, making it much more difficult to push higher under these conditions.

Currently, the price is at 0.0000139, which is a zone of indecision. Looking upward, the first resistance is at 0.0000145, followed by 0.0000150. Conversely, if it moves downward, keep an eye on 0.0000133, and further down is 0.0000128.

Here's the trading idea: if it truly breaks through 0.0000145, you can consider a small long position, targeting 0.0000150, with a stop-loss set at 0.0000140. If it falls below 0.0000133, the trend reverses, and you might consider opening a short position, targeting 0.0000128, with a stop-loss at 0.0000138. If it oscillates between these two extremes, honestly, the smartest move is to sit on the sidelines and avoid forcing trades.

From my perspective, now is a good time to wait and watch. With such severe overbought conditions and shrinking volume, the upward potential is limited, while the risk is disproportionately high. Instead of chasing the trend, it’s better to wait until it breaks key levels. Opportunities are always there, but your capital is finite.