I took a close look at the market this evening, and PEPE has indeed started to look promising recently.

I've been following this coin all along. Initially, I bought it casually without much expectation. But today, after re-examining the candlestick chart, I noticed that its pullback method still has a pattern—it's not the chaotic decline caused by retail panic selling. The current price is around 0.000004, a small number, but this consolidation rhythm reminds me of the state before last year's initial surge. The RSI indicator is set at 37.1, indicating it's neither a deep correction nor panic selling, more like a shakeout of floating chips after a round of accumulation.

I see two possible directions ahead. One is to continue consolidating for a few days, allowing the chips to shake out further, waiting for market sentiment to turn bullish. The key for MEME coins is popularity; once someone ignites the enthusiasm, and funds follow suit, a doubling rally could happen. The other possibility is being dragged down by the overall market weakness. Recently, market sentiment has been average, and if any negative news appears, it might create a gap down and continue to test the bottom support.

It's dishonest to say I’m not conflicted.

But looking at its volume, there hasn't been any significant panic selling—this indicates that not many have actually cut losses and exited. Most are just shallow positions that automatically give up their chips. I interpret this consolidation pattern as building up strength. I'm not calling for a buy-in, really not. As an investor who has experienced several cycles, I tend to pay more attention to this kind of candlestick pattern. Previously, I would have cut losses two or three days before a surge. This time, I want to be more patient and see how it develops.

The game rules for MEME coins are basically about emotions and timing, not so much about fundamentals. You might look down on it, but once it moves, the speed can change your perspective instantly. Right now, I hold a small position and do nothing, just let the trend develop naturally. Anyway, this price itself has little cost; if it really takes off, I’ll 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 right moment—wait for the wind to turn, wait for market sentiment to shift, wait for that unknown moment when it will start.