#pepe arrives at the buying area
Updated
π#pepe arrives at the buying area βοΈ
π§ From a structural perspective, after achieving all of our targets for the bearish head and shoulders, price has been consolidating within the buy zone and finally formed a bearish cup-and-handle structure within the buy zone, with the buy zone turning into resistance. Therefore, my plan today is to go short and then take new long orders, but our entry point has not been triggered, so we can only wait for the buy zone to be realized before entering long transactions.
β‘οΈAt present, we have reached the buying zone, and the probability of rebound is greater than the probability of continued decline, so please do not chase short. If we build a long structure in the buy zone, then the bullish trend can also continue.
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1000PEPEUSDT.P
π§ From a structural perspective, after achieving all of our targets for the bearish head and shoulders, price has been consolidating within the buy zone and finally formed a bearish cup-and-handle structure within the buy zone, with the buy zone turning into resistance. Therefore, my plan today is to go short and then take new long orders, but our entry point has not been triggered, so we can only wait for the buy zone to be realized before entering long transactions.
β‘οΈAt present, we have reached the buying zone, and the probability of rebound is greater than the probability of continued decline, so please do not chase short. If we build a long structure in the buy zone, then the bullish trend can also continue.
Letβs see π
π€If you like my analysis, please like π and share π¬
π Follow me so you don't miss out on any signals and analyze π―
1000PEPEUSDT.P Trade closed: target reached
π#PEPE reaches the stage resistance zoneβοΈ
π§ The rebound we started from the buy zone has reached the stage resistance zone. From a structural point of view, there is a large double bottom structure at the 4-hour level, so it is reasonable to rise in the future anyway, so we can keep 20% of the position to look forward to this possibility.
β‘οΈFrom the perspective of wave theory, we may be completing wave 4. If wave 5 is to happen, it is most reasonable to start in this resistance zone.
β‘οΈNo matter how it will develop in the end, our result is the difference between earning a little more and earning a little less. Congratulations to friends who follow the wolf king to print money.
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