PEPE: Here’s why traders are betting on THIS support

 

It sounds like you're referring to a situation in trading, possibly related to a specific cryptocurrency, stock, or asset where traders are looking at a key level of support. In trading, **support** refers to a price level where an asset tends to find buying interest, preventing it from falling further. Traders often bet on this support level holding because if it does, the price may bounce back upward.


The term "PEPE" might refer to a specific asset or token, like the PEPE meme coin, which has gained some traction in the crypto market. Traders could be analyzing a price level on PEPE (or another asset) where they believe buying pressure will step in, possibly based on historical price action, technical indicators, or broader market conditions.


Do you have more details on the asset you're referring to, or are you asking about a general trading strategy related to support levels?

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