🔥 PEPE Is Going To Fly: Crazy Potential 🚨
In my last PEPE analysis I was looking at this falling wedge pattern and patiently waiting for the break out.
Now that BTC has broken bullish, PEPE has followed suit. With PEPE breaking through the 85 resistance (omitting the zero's for clarity), it seems that the breaks are off this token.
Apart from the meme potential, this token has been shorted very badly over the last months, making way for a potential short-squeeze.
I doubt that we're going back towards the 300-350 area in the near future, but it's certainly a possibility for the next few months, assuming that BTC will not dump on us.
For now, the entry has been hit and we're enjoying the ride.
Now that BTC has broken bullish, PEPE has followed suit. With PEPE breaking through the 85 resistance (omitting the zero's for clarity), it seems that the breaks are off this token.
Apart from the meme potential, this token has been shorted very badly over the last months, making way for a potential short-squeeze.
I doubt that we're going back towards the 300-350 area in the near future, but it's certainly a possibility for the next few months, assuming that BTC will not dump on us.
For now, the entry has been hit and we're enjoying the ride.
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