Trade 1000PEPE in Futures Market at CoinDCX
Issued on: 29th Aug’23
Valid upto: 05th Sep’23
Category: Community
Market Cap: $328.03M
Price Update
1000PEPE’s price at the time of writing (29th Aug’23, 12:09) is $0.0008338, with a 24-hour trading volume decreased by 16.62% to $69.18M. 1000PEPE’s price is down by 3.58% in the last 24 hours according to coinmarketcap.com.
Source: TradingView
Analysis
Analyzing the above chart:
- Negative news and weak price action indicate a potential decline in the price of PEPE tokens.
- The buzz around PEPE seems to be fading.
- Observing the 4-hour timeframe, the price is displaying a downward trend, with corrections and a continuation of bearish movement.
- The expectation is for the price to follow a similar pattern.
- Presently, the 1000PEPE token has experienced a breakout followed by a retest of a bearish descending triangle pattern.
- EMAs (Exponential Moving Averages) align with this downward bias.
- A Short Trading strategy can be assessed between $0.0008496-$0.0008335 with an invalidation above $0.0008817
- On the downside, one can see a fall of 15-20% toward $0.0007777 & $0.0007006 (valid for 7 days)
- It would seem that one should maintain a balanced risk-to-reward ratio and check the use of leverage and position size to ride out current market conditions.
Note: 1000PEPE is now available in the futures market in both CoinDCX and CoinDCX Pro with up to 15x leverage.
Last 30 Days Analysis Summary
| DATE | TOKEN | Strategy (Long/Short) |
TOKEN RETURN% | TOKEN RETURN % (with 8x leverage) |
BTC RETURN% |
| 28-July | ETH | Short | 2.53% | 20.27% | 0.36% |
| 1-August | OP | Short | -5.33% | -42.64% | 0.43% |
| 3-August | BCH | Short | 6.39% | 51.12% | -0.52% |
| 4-August | FLOW | Short | 6.16% | 49.28% | -1.90% |
| 4-August | 1000SHIB | Long | 26.16% | 209.30% | 1.41% |
| 7-August | MAGIC | Long | -2.59% | -20.75% | -1.69% |
| 8-August | ADA | Short | 11.27% | 90.19% | -4.27% |
| 11-August | AAVE | Short | 11.53% | 92.22% | -4.15% |
| 17-August | INJ | Short | 15.53% | 124.22% | -12.06% |
| 21-August | RNDR | Short | -4.64% | -37.12% | 2.66% |
| 22-August | ICX | Short | Trade is live | – | – |
| 22-August | BNB | Long | Not considered | ||
| 24-August | RUNE | Short | 5.63% | 45.1% | -1.54% |
| 25-August | LDO | Short | Trade is live | – | – |
| AVERAGE RETURN | 6.60% | 52.8% | -1.93% | ||
| SUCCESS RATE | 73% |
Return % is calculated based on pricing data as available on the platform and is valid for 15 days from the date of publishing.
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