💫✨️ Pepe: Uncertainty vs opportunity, trading vs TA (technical analysis)

There is a lot of uncertainty right now, PEPEUSDT is diving low in search for support, moving lower. Will it bounce at support or will this project continue moving down for a long lasting bearish wave, a bearish impulse?

Are we just witnessing the start of a major leg-down rather than the end of a retrace?

PEPEUSDT has been dropping since 15-February, two weeks now. If the market is producing a retrace, it should be close to an end. If the market is producing a bearish continuation based on the broader chart structure, then it can continue down for months.

Which one is it?

I don't k now.

All trading carries risk. To lower risk, we buy at support to later sell at resistance when prices move up.

The risk is limited and calculated. You decide how much risk you want to take.

10%, 20%? It is up to you and you can choose before hand.

If a trade setup goes bad, you know exactly what you are looking at. If it does good, there is potential for very high rewards.

Here we have a trade-setup, a chart-setup, with very low risk with a huge potential for reward.

If the market produces a reversal at support, a higher low, we can expect hundreds of percentages of points of growth. If the market breaks support, we can quit after a small loss.

✨️Trading vs TA

Trading is about taking action based on the numbers. Technical analysis is about reading the charts. It is not the same.

Are you reading to learn, for entertainment or to trade?

There is uncertainty now on this chart, but everything can change in a day.

The best time to buy is when prices are red.

The fact that we have no new lows after two weeks of bearish action, shows that the bearish case is weak at best. Since the bears are weak, we can easily enter a long trade. Spot traders can accumulate and wait, focused on the long-term.
$PEPE ‌