π§ From a structural point of view, we have opened up higher upside after setting new highs. We are currently in a complex sideways consolidation above the target area at the daily level.
β‘οΈFrom a graphical point of view, we have formed an ascending triangle, and we may be able to see a good pump next
Let's seeπ
π€If you like my analysis, please likeπ and shareπ¬ π Follow me so you don't miss out on any signals and analyze π― 1000PEPEUSDT.P
Trade closed: stop reached
π#1000PEPE Ascending triangle failedβ
π§ From a structural perspective, we are in the resistance zone and target zone of the big cycle, so there is a heavy selling pressure. And there are multiple short structures, so we need to be alert to the risk of a pullback.
β‘οΈFrom a graphical perspective, the ascending triangle failed to break upward but chose to break downward, so our entry logic failed, so we have already touched the SL to leave.
β‘οΈNext we need to observe the support effect of the two neckline support areas below, stay patient and look for new opportunities to participate
Let's take a lookπ
π€If you like my analysis, please likeπ and shareπ¬
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.