💫✨️ Pepe: Uncertainty and Opportunity, Trading and Technical Analysis(Technical Analysis)

There is a lot of uncertainty right now. PEPEUSDT is looking for support levels, and the price is continuously falling. Will it bounce at the support level, or will this project continue to decline, forming a sustained bearish wave and a bearish shock?

Are we just witnessing the beginning of a major downtrend rather than the end of a correction?

PEPEUSDT has been declining since February 15, which is two weeks ago. If the market is undergoing a correction, it should be nearing its end. If the market continues bearish based on broader chart structures, it could decline for several more months.

Which one is it?

I don’t know.

All trading involves risk. To reduce risk, we buy at support levels and sell when the price rises to resistance levels.

The risk is limited and controllable. You decide how much risk you are willing to take.

10%, 20%? That’s up to you; you can choose in advance.

If your trade setup is wrong, you will clearly see what you are looking at. If it performs well, there’s a potential for very high returns.

Here is a trade setup, a chart setup, with very low risk but huge potential rewards.

If the market reverses at the support level and forms higher lows, we can expect hundreds of percentage points of growth. If the market breaks through the support level, we can exit with a small loss.

✨️Trading and Technical Analysis

Trading is action based on numbers. Technical analysis is interpreting charts. These two are different.

Are you reading for learning, entertainment, or trading?

This chart currently has uncertainty, but everything could change within a day.

The best buying opportunity is when the price is red.

After two weeks of bearish action without making new lows, the bearish case is only weak at best. Since the bears are weak, we can easily enter long trades. Spot traders can accumulate and wait, focusing on the long term.