Exploring PEPE Token Overvaluation and Short-Selling Indicators
Sunday, 2 June 2024, 18:22
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Exploring the Overvaluation of PEPE Token
PEPE is showing signals of being overvalued in the current market scenario. This raises concerns among traders regarding its future performance.
Short-Selling Opportunity
This situation could present a short-selling opportunity for traders looking to benefit from a potential market correction. The increased open interest and high funding rates support this hypothesis.
- Keep a close watch on PEPE token for signals of a downturn.
- Consider leveraging short-selling strategies based on the identified indicators.
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