It’s funny how fast people start panicking the moment they see a red candle.
Looking at this
$PEPE chart, that dip toward the bottom was a massive trap for the bears.
That long wick tells me there is a lot of buying interest sitting down there. We’ve recovered quite a bit since that low point, but we aren’t out of the woods just yet.
Right now, the price is testing a heavy area where sellers usually step back in. If we can’t push through this current level and hold it, we might just see a slow bleed back down to find more support.
The volume is decent, but it needs to stay consistent if