1. Current Recommended Direction - It is recommended to take a long stance on PEPE, emphasizing the need to hold long positions and avoid closing positions too early, which could lead to missing out on greater profits. - This suggests that a local bottom has appeared, reminding you to pay attention to the important 70k reaction point, implying that you should continue to hold after waiting for confirmation of the upward movement. 2. Position and Risk Management Recommendations - It is recommended to hold a large position or maintain a continuous position to avoid overdrawing profits due to a small position or trial order. - The implied take-profit point needs to be adjusted based on the reaction of the 70k key price. The specific stop-loss position is not specified, but it is emphasized that you should not exit the market too early. - There is no clear time frame, but it is suggested that the trading rhythm should avoid staying up all night to wait for the bottom, and it is recommended to hold after seizing the local low point. 3. Adapt to trading styles - Suitable for aggressive trend investors, emphasizing "holding after catching local lows" to avoid frequent closing of positions. - Based on the key catalyst of BTC bottoming out and the 70k reaction, it is suitable for short- to medium-term trend trading. - The warning against "closing long positions too early" implies that it is not advisable to enter and exit positions quickly or to test the waters frequently, and emphasizes the importance of patiently holding positions and waiting for the price to rise.
PEPE: Summary of the Lab-ken community discussion (22:00:10 ~ 23:00:10)
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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