π΄RED DOT !!
Accumulation phase has ended: no more easy buying opportunities in orderly and slowly increasing markets.
Bull market has started. If history is any guide, we will see ~10 months of face melting fomo: extreme price pumps combined with multiple -30% drops. Enjoy!π
Here she is! Let me know what you think & please follow me for more daily updates as we ride this $PEPE wave together π€πΈ
After thoroughly examining EVERY previous meme-coin pump, I see the most similarities between $PEPE (now) & $DOGE (2020-21). Funny enough, both were right around 400-700mm market cap before the pump began. Lets examine close...
1). For those completely sidelined & praying for a pullback - purple box is your best chance. If it comes, take it.
2). The key focal point is how price interacts with MULTIPLES of its previous ATH. Notice how once $DOGE broke its previous ATH it perfectly rejected at 4x its previous ATH, re-accumulated, then went up to 32x its previous ATH. Also note how after the global top these lines still acted as support/resistance on the way down.
3). I'm looking for $Pepe to do the same thing more or less. We will have to be patient and wait to see which MULTIPLES level we reject from first. How high we go after a break of the previous ATH will be a major determinant in how high this run ultimately goes.
4). Unlike normal pumps that lose steam on the way up, meme coins are a different animal (no pun intended). Each pump until the blow off top is more manic than the previous one and provides more exponentials; hence why #3 βοΈ is important.
Stay focused, stay humble, help other people... oh and follow me if you don't.