tonight I took a closer look at the market chart, and PEPE has indeed started to show some potential recently.

I've been following this coin, and initially I just bought it casually without high expectations. But today, upon re-examining the candlestick chart, I found that its retracement method still has a pattern—it's not the kind of disorderly decline caused by retail panic selling. The current price is around 0.000004, and although the number is small, this consolidation rhythm reminds me of the state before the launch at the beginning of last year. The RSI indicator is set at 37.1, which is neither a particularly deep correction nor panic selling, more like a shakeout of floating chips after a round of accumulation.

I think there are two main directions moving forward. One is to continue consolidating for a few days, allowing the chips to shake out further, waiting for market sentiment to turn warmer. The key to MEME coins is popularity; once someone ignites at a certain moment and follow-up funds rush in, a doubling trend is possible. The other direction is being dragged down by the overall market weakness; in the past few days, the market atmosphere has been average, and if any negative news appears, it might create a gap and continue to grind at the bottom support.

It's a lie to say I don't care.

But looking at its volume performance, there hasn't been any significant panic selling—this indicates that not many people are actually stopping losses and leaving; more are just some shallow positions that can't hold and automatically give up their chips. I tend to interpret this kind of consolidation as building up strength. I'm not trying to call trades, really not, but as an investor who has experienced several cycles, I do pay more attention when I see this kind of candlestick pattern. Previously, I would cut losses two or three days before the launch; this time, I want to be more patient and wait.

The game rules of MEME coins are basically about emotion and timing, not much about fundamentals. You might look down on it, but once it moves, the speed can change people's perceptions instantly. Right now, I hold a light position and do nothing, letting the trend develop on its own. Anyway, this price itself has little cost, and if it really takes off, I’ll just enjoy some gains. If it continues to drag, I’ll just see it as an interesting market observation.

In the end, it’s all about the word "wait." Wait for the wind to form, wait for market sentiment to switch, wait for that moment when no one knows when it will start.