This round of $1000PEPE price action is quite interesting. After the environmental cycle broke through a key dividing line, the price pulled back to test the previous support and resistance area. What did traders do at this point? They waited for the trading cycle to turn downward, and as soon as the moving averages gave a signal, they decisively entered the market during the rebound of the downtrend. In the end, although they didn't fully reach the preset ideal risk-reward ratio, the passive take profit was still acceptable.

Speaking of which, this price movement is also inseparable from expectations of the Federal Reserve restarting its rate-cutting cycle. In a rate-cutting environment, market liquidity is relatively abundant, and many traders are looking for potential assets. For popular tokens like PEPE, the volatility is high enough to provide plenty of opportunities for technical traders. Of course, such high volatility also requires discipline and risk control awareness.