ElliottWaveBelgium

Pullback or reversal? Very easy way to know!

BINANCE:PEPEUSDT   PEPE / TetherUS
If you're wondering if a dip in those MEME coins is a buying opportunity or a sign the party's over, measuring % price drops during such big rallies is a very valuable tool.

Here's how:
Track the % retracements: During a big rally or steady uptrend, healthy pullbacks typically retrace similar percentages. So, simply measure the size of each dip and compare them.

Identify consistent retracements: If the current pullback falls within the established range, it suggests a potential buying opportunity for a continuation of the trend.

Watch for deepening drops: A price drop that is relatively bigger than prior retracements might signal a weakening trend or a longer consolidation period.

So, use this information to adapt your buy point and risk appetite if you're eager to participate.

Here's an exemple of a previous rally in DOGE
DOGEUSDT -

This is today's drop, which is increasing as I'm writing this post.
DOGEUSDT - SHIBUSDT - PEPEUSDT -

Don't forget to like, share and follow !

Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public

Thanks !
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.