pepe → tiny correction
Updated
hello guys!
Chart Overview:
- after the price made a symmetrical triangle, it broke the top line
- it is forming a range or rectangle right now!
Trend Analysis:
- Pepe is in compression now
- we can consider an upcoming downward!
Price Patterns:
- There are two potential correction zones within the rising trend:
1. Around the $0.0000107 level.
2. Between 0.0000099 and $0.0000094.
Bullish Trend Confirmation:
- if the range area breaks down it will confirm the downward movement
✎Actionable Insights:
- you can take a risk and enter the short position right now and put two previous area as a target!
- or you can wait until the range breaks down then get a short position until the blue area will be touched!
___________________________
✓✓✓ Always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Chart Overview:
- after the price made a symmetrical triangle, it broke the top line
- it is forming a range or rectangle right now!
Trend Analysis:
- Pepe is in compression now
- we can consider an upcoming downward!
Price Patterns:
- There are two potential correction zones within the rising trend:
1. Around the $0.0000107 level.
2. Between 0.0000099 and $0.0000094.
Bullish Trend Confirmation:
- if the range area breaks down it will confirm the downward movement
✎Actionable Insights:
- you can take a risk and enter the short position right now and put two previous area as a target!
- or you can wait until the range breaks down then get a short position until the blue area will be touched!
___________________________
✓✓✓ Always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Note
pepe touched the bottom line of the rectangle pattern:I think it tries to gather its energy to break the line!
Note
the first target touched!toward the next target:
Trade closed: target reached
target touched
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________
telegram channel: t.me/melikatrader94
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