Maybe you have heard the name PEPE these days, don't get me wrong, PEPE does not mean โฝ๏ธPortuguese football playerโฝ๏ธ.๐
๐ธPEPE๐ธ is the token's name that has given more than โ1000% profit in the last week.๐ฑ
In this post, I tried to show you the technical status of this token, whether there is an excellent opportunity to buy this token, or whether it is better to wait or not to think about it at all.
So stay with me๐.
โ ๏ธFirst, we must be very careful about MEME projects, and you should not invest all of your capital or a large part of your capital in these projects; always look at the empty side of the glass.โ ๏ธ
PEPE managed to break the resistance line and ๐กPrice Reversal Zone(PRZ)๐ก with a long green candle with huge volume and also created another long green candle with high volume to confirm the break.
In order to add PEPE to your portfolio, it is better to wait for a pullback to the resistance line and PRZ.
PEPE has two scenarios before it after completing the possible pullback:
Regrowth from the resistance line = at least โ136% growth (It is more likely)โฌ๏ธ
Back below the resistance line = at least โ70% lossโฌ๏ธ