Lingrid | PEPEUSDT range BREAKOUT. Potential Buying OPPORTUNITY for BINANCE:PEPEUSDT by Lingrid

Lingrid | PEPEUSDT range BREAKOUT. Potential Buying OPPORTUNITY

has been in a consolidation phase for over a week. Recently, it broke out and closed above this zone, reaching levels above 0.00002. Now, it's pulling back to retest that consolidation area. The price has been following a downward trendline, and if it rejects that trendline again, we could see a bullish move. On the daily timeframe, the price bounced off the support level, forming a long tail bar, which is a positive sign. I expect the market to retest the middle of the consolidation zone that often acts as support and resistance, followed by continuation upward move. My goal is resistance zone around 0.00002185

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

Trade closed: target reached

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