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Recently, PEPE's performance has been somewhat disappointing. I have decided to adopt a cautious strategy, starting to reduce position gradually from the 1250 point level, reducing 10% of the position for every 1% rise. However, during the fall periods, I will continue to add to my position to balance the risk.
As the Federal Reserve meeting is about to be held, the market may experience fluctuations. Completely reducing position may miss potential rise opportunities, so I choose to maintain a certain position. Currently, PEPE is in an oversold state, and the possibility of a substantial fall is relatively small.
Although PEPE has not performed well among meme coins, it is still a relatively safe choice. In the current market environment, balancing risk and opportunity is crucial. We need to closely monitor market trends and adjust our strategies in a timely manner to respond to various situations that may arise.