Based Pepe (PEPE)

#PEPE

On the daily chart we are at a key point; if it can stay above this area we could see a rise to the resistance region, otherwise we could see pullbacks to the support region.

⚠️Warning: My charts are for educational purposes only, they do not constitute any investment advice, not an advertisement. Cryptocurrencies are risky assets, please do your own research.

this is the $pepe chart after the first leg up

86% retracement, everyone fudding, whales capitulating

we all know what happened next: a historic run and the robinhood listing

with memecoins, the only way to make generational wealth is to digest brutal drawdowns like this

$cashcat is down ~60% from the top, everyone calling the end of robinhood season

i'll come back to this post in a month

pepe

thesis:
-eth will do well on usd and btc pairs this bull
-there's still not a lot of great eth beta (in terms of rev. lots of extraction-era governance coins/etc)

one coin i don't want to be too early on - pepe/eth looks like shit right now

will rotate eth there once this line is reclaimed. been an early buyer of a lot (which isn't always +EV vs waiting for a trend/reclaim, unless you feel stuff in your plums)

in this case, happy to be patient and wait for things to develop a bit. in the meantime: just sitting on/buying eth dips with fresh cash slowly over the summer, preserving a good chunk for if there's a big stock/whatever pullback into the fall